Here's Why This Popular Rule of Thumb Won't Work for My Retirement Savings
There are many people who enter retirement without a lot of money in savings. I'm hoping not to be one of them.I'm working very hard to contribute steadily to my retirement account in the hopes of not having to endure financial stress later in life -- and also, as a backup plan, given Social Security's shaky future. And because of that, I want to make sure my money lasts.Image source: Getty Images.Continue reading
There are many people who enter retirement without a lot of money in savings. I'm hoping not to be one of them.
I'm working very hard to contribute steadily to my retirement account in the hopes of not having to endure financial stress later in life -- and also, as a backup plan, given Social Security's shaky future. And because of that, I want to make sure my money lasts.
Image source: Getty Images.
