What does it cost to retire? The answer depends on many factors, including your age and expectations for what life should be like in your older years. These sites help sort out the details.
Brace yourself
Two million dollars saved for retirement ought to be the goal for twentyso
methings, according to this report at U.S. News & World Report. Even with decades to work toward it, that’s going to be a daunting number for most people.
Five steps to security
That’s the suggestion of the headline on this posting at personal-finance site Kiplinger.com. It has been a volatile decade in the stock market, so how do individual investors dig out? For many people, one of the few answers is to boost contributions to their 401(k) or IRA accounts.
Never enough
A page of retirement “planning tools” at the retirement site ThirdAge.com includes several helpful items on the “how much is enough” question. It says to start with the premise that “no nest egg is ever too big.” www.thirdage.com/retirement
Starting late
Forbes.com says it’s going to be tough, but it’s best to take the hard medicine of a “retirement catch-up.” The article notes that “even if you’re in your 50s, you can still take advantage of the magic of compounded returns. That’s because — actuarially, anyway — your retirement is likely to run upwards of 20 years.”
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