How much money should you have in your retirement account?

Описание к видео How much money should you have in your retirement account?

Planning for retirement doesn’t have to be overwhelming. In this video, we’ll guide you through how much money you should have in your retirement account and the steps you can take to secure your financial future.

A common rule of thumb is that, between your retirement savings and Social Security benefits, you should aim to replace 75% or more of your pre-retirement income. This will help you maintain your current lifestyle once you stop working.

Step 1: Use Our Retirement Calculator
Start by using our Retirement Income Calculator to determine how much you'll need in retirement. This tool helps you calculate the exact amount of savings required based on your desired income in retirement.

Step 2: Evaluate Your Current Savings
Enter your current retirement savings, expected Social Security benefits, and other income sources into the calculator. It will show whether you're on track to meet the 75% income replacement goal.

Step 3: Adjust and Plan for Growth
If you’re not quite there yet, don’t worry. You can boost your retirement savings by increasing contributions, adjusting your investment strategy, or considering working a few more years. It’s important to have a clear, personalized plan that helps you reach your goals.

Start today by following these steps to ensure a secure and comfortable retirement!

Retirement Income Calculator: https://www.annuityexpertadvice.com/r...

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