Dec 5, 2018
How much money do you need to retire?
It is the single most important question on most people’s minds; yet, because there are so many variables, it is one of the most difficult to answer.
Considering that saving for retirement is still a relatively new concept, even us financial planners are still trying to figure things out. For much of the last century, most people simply worked until they died.
This century has seen the demise of guaranteed pension plans, which has shifted the burden of saving on the shoulders of individuals. So, the question has to be asked and, realizing that there are many variables that come into play, you need to have an appropriate target to shoot for.