4 Rules of Thumb for Retirement Savings
October 20, 2020
Over the years, I have found two of the most common questions people ask on their retirement journey are: "Am I saving enough?" and "How much money do I need to retire?".
While everyone's road to retirement is unique with different goals, wants and wishes it's important to create a retirement roadmap that helps answer these questions so you are prepared.
Fidelity recently published an article providing rules of thumb for questions that are top of mind for many of us:
* What will my savings cover in retirement?
* How much do I need to save for retirement?
* How much should I save each year for retirement?
* How can I make my retirement savings last?
Read all the details and best practices in the article found here: Four Rules of Thumb for Retirement Savings.
At Allied we are committed to building customized retirement roadmaps for our clients and for participants in our retirement plans who are nearing retirement. Feel free to reach out to our team with any questions.
The information published herein is provided for informational purposes only and does not constitute an offer of investment advisory services. All information is subject to change without notice. Nothing contained herein constitutes financial, legal, tax, or other advice. These opinions may not fit to your risk and return preferences. Investment recommendations may change and readers are urged to check with their investment advisors before making any investment decisions. Information provided is obtained from sources believed to be reliable, but we cannot attest to its accuracy. Past performance is not necessarily indicative of future returns. Investment advisory services are offered through Allied Investment Advisors, a Registered Investment Adviser.