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How Much Should You Be Saving For Retirement?
Let’s be honest, you know you have probably asked yourself the question: “how much money should I be saving for retirement?” We get it and totally understand. Unfortunately, there is not a quick answer to the question. The answer is almost never the same for any two people and will most likely continuously change over the course of your life. That is why when creating financial plans, we are always on the lookout to leverage any research done by industry partners to shed some light on difficult to answer questions.
The short video below is an example of that. It was created by Dimensional Fund Advisors, a research-based asset management firm in Austin, Texas, that takes an academic approach in attempt to simplify some of the difficult parts about planning. The video will only take about 120 seconds of your time and it contains some really good information regardless of what stage of the retirement plan you may be in at the moment. So, go ahead and do your future retired self a favor and click on the below link. I definitely think it is a good investment of your time.
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