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When Should I Start Planning For Retirement And How Much Money Do I Need For Ret

  1. ngureco profile image84
    ngurecoposted 8 years ago

    When Should I Start Planning For Retirement And How Much Money Do I Need For Retirement?

  2. Papajon profile image87
    Papajonposted 8 years ago

    Retirement made easy: How soon should I start saving?  Having enough money to retire on is a worry for many people. In fact for most the issue is so daunting that they prefer to avoid thinking about it. Starting saving now is the most imporant decision they can make. read more

  3. Bill Yovino profile image88
    Bill Yovinoposted 7 years ago

    Knowing how much you will need for retirement is the first important step. From there you'll be able to decide whether your current savings approach will be sufficient to provide the income you'll need at retirement. I don't know if we're supposed to tout our own hubs here but my hub explains how to  calculate your target figure.

    http://hubpages.com/hub/Retirement-How- … -do-I-need

    If I'm breaking some rule by providing this link, please send me an email.

  4. Tiny Pearls profile image72
    Tiny Pearlsposted 7 years ago

    You should begin saving for retirement when you begin working.  The earlier you start, the easier it will be to save enough for a comfortable retirement.  If you start from the beginning, you won't miss the amount of money that goes to your retirement accounts.  In many cases, the amount deducted for retirement accounts is offset by the lowered tax you pay.  For example, if you have designate $100 per month for your 401K, you might only see a reduction in your take home pay of $75.  This amount will vary based on your salary and exemptions.  For more information, see my hub:
    http://hubpages.com/hub/A-practical-app … retirement

 
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