How Far Will Your Retirement Savings Go?
How much of a retirement nest egg you will need is a number that varies greatly, depending upon the financial advisor you speak with. Many will say you should have at least a million dollars saved, while others will be more sensitive to the difficulty of retiring with that much saved. Reality often is that retirement savings will be much more modest, as most Americans find it difficult to build a big nest egg while dealing with the expenses of everyday living. So what if you had, say, about $100,000 or less saved – how far would that go? Well, in this FOX Business article by Katie Brockman, the author provides some guidance on how to make your modest savings last using sensible strategies like delaying Social Security to get a larger income, and acquiring dividend stocks to supplement your income and reduce your need to withdraw from your modest savings. Click here to read more.