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How much should you be saving for retirement

So how much do you think retirement will cost? Your retirement savings number depends on your current income, the amount you think you’ll need each year in retirement, what you’re going to be receiving in Social Security benefits, whether or not you have a pension. So how, then are you supposed to figure out how much you should be saving? The attached article outlines a couple of methods that can get you in the ballpark. Read article here…

 

This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.

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