Your Money: Your Choices – What Is Your Magic Retirement Number That You Need To Save?
According to the Employee Benefit Research Institute, only 42% of Americans have tried to calculate how much money they will need to save for retirement. Most of us have no idea what our retirement number that we need to save during our working life even is. It could be $1 million, $2 million, even much more. To make matters worse, only 14% of Americans feel confident that they will have enough saved by the time they reach retirement age for all of their needs in their Golden Years. Join us as we talk to Todd Tresidder, who is a personal finance blogger and financial planner who specializes in retirement planning. He has written the book, “How Much Money Do I Need To Retire” and is the publisher of the popular website, FinancialMentor.com. You won’t want to miss this great conversation where we dissect how much money you need to have for a nice retirement as well as why your financial planning assumptions may not be the most sound as you are planning your investments and how much to save. We also talk about how to find that ever elusive magical retirement number.