Money affects just about every part of your life, so it figures that a good number of us have financial anxieties. But a recent Ally Bank survey found that there was one financial topic keeping savers up at night: being prepared for retirement.

In our survey of more than 1,000 Americans, 37 percent said they worried most about their ability to live comfortably during retirement. This topped other concerns such as paying for kids’ education (13 percent) or funding the care of elder parents (9 percent).

New Survey Finds Retirement Readiness at the Top of Americans’ Financial Worries

When it comes to easing anxieties about your later years, your best bet is to devise a retirement saving strategy and stick with it. Time is a key component in any solid retirement savings plan, so the sooner you start putting money away, the better.

“An IRA customer who saves $6,000 a year starting at age 50 and earns 3 percent annually will have about $71,000 at age 60,” says Diane Morais, Ally Bank Deposits and Line of Business Integration executive. “Compare this to an IRA customer who saves $2,000 a year starting at age 30 and earns 3 percent a year, who will have about $98,000 at age 60. Even though both customers saved the same amount, the early saver’s IRA is worth $27,000 more due to the advantages of compounding interest over a longer period of time.”

Morias goes on to note that this time of year is ideal for opening IRAs since contributions can be counted on 2012 tax returns.

If you’re approaching retirement but have little saved, it’s not too late to put yourself on track. Our recent post, A 50-Something’s Guide to Starting to Save for Retirementoffers a range of options for someone looking to start saving for retirement later in life, like aggressively putting money into an IRA and consulting with a financial professional.

If you started saving early and are comfortable with your retirement savings, great job! Just be sure to pass your knowledge on to your children or grandchildren, and remind them of the power of compounding interest.

No matter what your financial worries, ABC News encourages you to confront them head-on, live in the moment and to not let financial stress rule your life. Says the site, “Put yourself in the driver’s seat and manage it, rather than letting your stress manage you.”

Are you anxious about having enough money to get by during retirement? What are your other financial anxieties?