Show Notes:

• You need much to live on and much to live for (Retirement savings covers much to live on)
• Retirement calculators
• Need 10 – 12 times your income when you retire
• Figuring out what you really need to make when you retire
• Defining the number that equates to what you need to make (i.e. will mortgages, car payments be paid off?)
• Inflate the number you need to make a year by 20% and then multiply it by 12 (If you need $50k a year you will need roughly $600k in your retirement fund or $900 a month – if your company provides a match then you need less than this)
• Don’t figure social security into your numbers – if it is there then more money if it isn’t you aren’t counting on it to live on
• What is compound interest and why it matters to you
• Save what you can until you hit the number you believe you need to invest a paycheck
• We are living longer – there are more people living into their hundreds, so you will need more than what most calculators think you do