Category: Retirement
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Are You on Track for Retirement? A Look at the Average Retirement Savings by Age
Retirement savings refers to the funds that individuals set aside to ensure they have financial security during their post-working years in their retirement accounts like 401k, IRA, etc… and their savings accounts. According to the Economic Policy Institute (EPI), the average retirement savings of all working-age families in the U.S. is $95,776 in 2020. However,…
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Things To Do In Your Twenties To Retire A Millionaire
It can be so daunting when it comes to saving money when you are making less money. Let me tell you the good news, doesn’t matter how much you make it is always possible to save at least 1%-2% of your income. These are some of the things you need to consider doing when you…
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Different Retirement Saving Options You Need To Consider
There are multiple retirement saving options and no one option fits everyone. Here in this post, I will try to talk about multiple options and you can choose which fits you better. 401k This is the most common retirement savings option for employees where the employer provides a 401k plan through an investment company like…