How Much Money You Should Save for Retirement [Episode 14]

People talk about the importance of saving money all the time. It’s one of the biggest financial tips parents instill in their children and a recurring investment throughout our lives. But even though we talk about saving for retirement so often, we never really define what that magical number is that we should set as our goal for retirement.

 

 Welcome back to the Retirement Planning Guy Podcast where any and all retirement questions get answered! Today, the big question I answer is, “How much money should I save for retirement?”. This question can be difficult for people to answer because, so often, they don’t know where to begin. So, let me help you break it down so that you can confidently determine what your golden number should be when it comes to saving for retirement.

 

I walk through the different factors that you should look at when trying to figure out how much to save for retirement and layout exactly what steps you should take. I start by explaining how to evaluate where you, and your retirement savings, stand now. I explain the roles that factors, such as age and lifestyle affect your retirement savings goal. I pose the questions you should ask yourself to help you narrow down your retirement savings amount.

 

Saving for retirement can be confusing and challenging. The most important thing to do is to be aware of it and make your money work for you. Do your research and be thorough in your planning—you’ll thank yourself later. Join me to learn how to be smart about your retirement savings at every stage of your life, so that you can effectively prepare for retirement.

 

Relevant Links:

Martin Wealth Solutions
Retirement Planning Guy

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