Financial regrets. We’ve all had a few, but the important thing is to make positives steps towards building your savings moving forward. We have provided a few financial tips and techniques to help you maximize your resources in order to start saving for retirement.
Many people say that “they’ll start saving for retirement when I make more money, but that philosophy will not cut it when retirement is near.”
“Morningstar calculated how much you need to sock away monthly to reach $1 million before the age of 65.” “Assuming a 7% annual rate of return, you’d need to save $381 a month if you start at the age of 25; $820 monthly, starting at 35, $1,920, starting at 45; and $5,778, starting at 55.