A KOTA Territory bank wants to make sure you're covered for retirement.
The Employee Benefit Research Institute projects only half of all baby boomers and generation X will have enough money to afford retirement.
With the recession, many Americans lost money or have debt now.
Rick Morehouse, a Certified Public Accountant for Platte Valley Bank, says you should start saving at your first job because it's a painless way to put money away.
Morehouse says using your companies 401k plan is the way to go.
"Young people tend to have a syndrome if you will, that they're 10 foot tall and bullet proof and trust me, I found out that you do get older and retirement is on the horizon. So the sooner you start the better," Morehouse said.
Morehouse says young people's biggest asset they have is their time until retirement and saving now could keep you from putting away more money later.
