Saving for retirement: how do I know if I’m on track?
Are you saving enough for retirement? What should you do if you’re not?
Saving for retirement is the largest financial challenge in life for most people. While many understand the importance of building up a retirement nest egg, and contribute a portion of their monthly salaries towards that goal, they do not always know if they will end up with enough money in retirement. So how can you check if you are on track – and what should you do if you are not? Donna Barnes, head of direct channel at Nedgroup Investments, has provided guidelines for investors so that saving for retirement feels less like a large monthly sacrifice and more like a manageable part of your savings, so you can enjoy life knowing you are on track for financial stability in your old age. “While the savings journey will be unique to every individual, keeping these four principles of saving top of mind provides a long-term, logical structure for sustained and achievable financial wellness,” says Barnes. This article was paid for by Nedgroup Investments.
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