Posted on Apr 18, 2017
Here's how much the average family in their 40s has saved for retirement
1.11K
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Money
Investing
Personal Finance
Posted 7 y ago
Responses: 5
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I read stories like this all of the time from various sources. Most Americans seem woefully behind on retirement savings. The sad reality is that time is you best ally. If you squander it (by not starting early) then you will likely never catch up. I have saved very hard over my 30+ years in the civilian work force.
It is hard to do if you are making a modest amount of money and have a family and bills to pay. More income or less spending are the only solutions to creating money you can save. I hope to retire by 60 or 62. The biggest challenge is, you guessed it, healthcare.
It is hard to do if you are making a modest amount of money and have a family and bills to pay. More income or less spending are the only solutions to creating money you can save. I hope to retire by 60 or 62. The biggest challenge is, you guessed it, healthcare.
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SSG Edward Tilton
Most of these are a hustle to get you to pay some investment """professional """ to take some of your money. I've done fine without them
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Cpl Jeff N.
I don't use an advisor but if you do, you should understand exactly what they charge. There is no excuse for "getting hustled" by an investment advisor if you are of average intelligence and can do basic math. I, like you, do all of my own too but I use mostly funds (80%) and the remainder in individual stocks. Some would not be comfortable with that but I am.
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SSG Shavonde Chase thanks for the informative read and share on retirement. I can sure use the information!
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