You Need to Save Four Times Your Annual Income to Retire
About 36% of Americans have a nest egg of less than a thousand dollars and 60% have less than $25,000 saved, which means working people may not be saving enough to retire prosperously.
About 36% of Americans have a nest egg of less than a thousand dollars and 60% have less than $25,000 saved, which means working people may not be saving enough to retire prosperously in their golden years. MainStreet's Juliette Fairley takes you through an important rule of thumb when it comes to making your retirement last beyond 25 years. Those looking for financial freedom in retirement need to have bonds, dividend paying equities and annuities enter the picture to make for a fruitful and secure financial life.
This article was written by a staff member of TheStreet.
