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Retirement Savings: How much should you have?
One of the biggest factors in any retirement plan is how much money you will need to have saved before you start your golden years. That is, how big should your nest egg be to cover expenses over and above any retirement income, such as Social Security and pensions, you may have? The answer, according to this ThinkAdvisor article by Bernice Napach, is $1.7 million. But the author quickly acknowledges that very few soon-to-be-retired individuals have met that goal. The article goes on to explain the reasons so many people fall short of saving as much as they will probably need to live that comfortable retirement they’ve always dreamed of. Click here to read the ThinkAdvisor article titled “How much do you need to retire?”