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How much should you save for retirement? While this is a easy question to ask, answering it is certainly not the case. There are numerous factors to determining how much money is needed for you to retire.
When do you want to retire? Do you want to travel? Do you expect to have any debt at retirement? Does your employer provide matching contributions to your retirement? These are all important questions to think through and frankly outside the scope of this video. But answering these questions can help you determine exactly what you’re aiming to have at retirement. Once you’ve figured this out, you’re in a position to determine how much you’ll need to save to accomplish your retirement goal.
In this video, you’ll learn how to use a modified version of the Future Value of Annuity equation to answer the question “How much should I save for retirement?” Enjoy!…(read more)
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