How Much To Save for Retirement

How Much To Save for Retirement – What’s Your Magic Number?

Save for retirement nowThis question has been asked so many times and there is no one simple answer. Well maybe there is if you say “as much as you can”. How much to save for retirement has so many variables it will make your head spin.

You can read opinions from many financial planners citing actuarial tables and formulas, but the bottom line is start saving for retirement as early as you can and save as much as you can.

According to statistics and studies made, Americans aren’t the best at socking away money for their retirement years. They go on to say that in excess of 80% of us have no idea on how much to save for retirement.

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Retirement Savings

Retirement Savings Secrets Revealed

Start retirement savings as early as possibleThe title of this article says it all and is really the bottom line you need to strive for. Your goal is to find any unnecessary spending and cut back. We all have daily expenses that can be trimmed and added to our retirement savings which should be one of our top priorities.

One of the reasons that the “B” word or budget is so terrifying is that it’s associated with sacrifice.  This simply isn’t true…a budget is, and should be, a matter of choice.

Two primary choices to begin with – do you want to live it up today and not care about tomorrow? Or do you want to exercise good judgment and cut back a little today so that you will have a more comfortable retirement? I’d like to have both, but I’m not aware of any wealthy relatives that would sponsor me.

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Senior Citizens in Poverty

Senior Citizens in Poverty

Senior citizens in povertyHere’s an eye opening statistic for you – Prior to the creation of the Social Security System in the 1930’s, approximately 75% of senior citizens in America were living in poverty. This figure has been dramatically reduced today to just below 10%, thanks to employee pensions, Social Security and also retirement savings accounts.

But still, here in America today, many senior citizens with income levels just above the poverty level continue to have financial struggles well into their retirement.

Just as alarming are the results of a study that was done by Brandeis University. This revealed that 75% of senior citizen households in America are in a precarious position economically.

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How To Retire Early | Enjoy Life

Finally a Solution on How to Retire Early

Learn how to retire earlyRetiring at an early age is possible again, but the rules have changed somewhat. Have you figured out how to retire early, perhaps at age 55 or earlier? Quite a few Americans have.

More importantly, can you afford to leave the 9 to 5 routine when you want to? As you mull that question in your mind, you realize that some changes in your lifestyle, such as home downsizing may be required. However, the solution on how to retire early might not be difficult at all.

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