Get Financially Fit! | Saving For Retirement
Posted: May 11, 2016
Do you find yourself wondering how much money you should save for retirement or if you are behind in saving? Unfortunately, there is no one size fits all answer. How much you should save depends on what kind of retirement lifestyle you want to live as well as other factors such as debt load, income streams and retirement goal date. Mary Beth Storjohann, certified financial planner and contributor to U.S. News & World Report shares with us How to Know if You're Saving Enough for Retirement.
As a financial planner, one of the most common questions I am asked is "How much money should I have saved?" or "How far behind am I in saving for retirement?" My answer? It depends.
There's no one size fits all solution when it comes to how much you should have stashed away for your retirement. What you need will differ from those around you. Here's how to track your progress toward saving for retirement:
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