In this article I outline some tips for a secure retirement 🤑🤑🤑 from start to finish. Take a look.
I’M ONE of the fortunate Americans with a pension. I know firsthand the sense of financial security that comes with steady monthly income. Others don’t have it so easy. I worry a great deal about the majority of Americans—including my four children—who have no pension, and instead will rely on Social Security and their investments for their retirement income.
My fear: Even if these folks are saving regularly, they don’t really understand how to invest or how to manage their nest egg once retired. Consider a couple earning $60,000 a year who retire at age 66. The main breadwinner’s Social Security benefit might be $18,000 a year. Add spousal benefits, and we’re looking at $27,000 for the couple. Their goal is to replace 100% of their income in retirement.
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Source: Making It Work – HumbleDollar