A new report conducted by LIMRA reveals that many Americans choose not to save money for retirement during a time when personal savings are more critical than ever. The trade association for the financial services industry said 49 percent of Americans currently do not have a retirement plan at all. One standout figure in LIMRA’s report is that nearly half of consumers said they aren’t planning to contribute to an IRA because they can’t afford to save money according to a recent story at www.gobankingrates.com.