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How Much Money Should You Save for Retirement?

April 20, 2021

You'll see commercials and read articles that tell you exactly how much money you should have for retirement. This is also called your "Retirement Number," and it's kind of a myth. There is no set amount of money that you should have when you retire, and you don't need a million dollars to retire either. What you need is sustainable income.

How to Ensure Sustainable Income for Retirement?

There is no one right answer to this question either. In order to have sustainable income, you need enough money to pay your bills and cover monthly expenses. Then you'll also have your assets to pay for emergencies and fun things like your bucket list items.

Everyone's situation is different, so you need to sit down and look at your specific situation. It always helps to talk to someone who can guide you through this because while the idea of a "Retirement Number" makes for really good marketing, it's just not based in reality.

Learn More About Retirement Planning

If you are thinking about your retirement goals and wondering which savings vehicles are right for you, our team is here to help.

Likewise, you can also learn more about how we can help you plan for your retirement by watching more informational vlogs like this in our blog and continue browsing our website.

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