Retirement Savings: How Much Should You Save?
Update: 2025-12-02
Description
Todays podcast delves into retirement savings, suggesting a general guideline of fifteen percent of gross income, including employer contributions. However, the actual amount can vary based on personal circumstances. Younger workers typically save less, while those nearing retirement tend to save more. David Tenerelli, a certified financial planner, emphasizes the importance of individual contribution rates and the value of employer matching contributions. Only a small percentage of employees max out their contributions, highlighting the potential of consistent, incremental increases in savings.
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