The Importance of Saving for Retirement

Inflation will have an impact, but it's not going to be a punch in the gut like it was for the 20 and 30 something. If you're at 50 and you've not started saving at all, then I would argue, probably $2.2 million might not be the goal you need to be a sparring to our terms of today's dollars. The social security and those other types of things are a larger portion of your retirement income. By age 59, if you've accumulated over $1.8 million, even without factoring in additional savings and continuing on the behavior that got you there,. You likely have a lump some large enough that if invested well would produce a