How Do Your Retirement Savings Stack Up?
Provided by Jeffrey E. Bush, MBA, CLU, ChFC
Have you ever wondered: “Am I really saving enough for retirement?”
Do you wonder how your retirement savings compare with others your age?
The average person in their twenties has around $16,000 in retirement savings.
The average person in their thirties has saved about $45,000.
Americans in their forties have median retirement savings of around $63,000.
Americans in their fifties have median retirement savings of about $117,000.
Americans in their sixties have median retirement savings of approximately $172,000.1
You may have saved much more – but have you really saved enough?
You may need to save more for retirement than you realize. It is very common for people to underestimate their retirement savings and retirement income needs. Whether you are 5 years or 35 years away from retiring, you need to be confident that you are doing the right things for financial future – saving enough, investing what you save in a way that is appropriate for you, and managing risks to your savings.
Now is a great time to check and see if you are on track toward your retirement savings goal. Call me at 610-630-4495, so that we may quickly review how you are doing so far. If anything about your retirement saving or investing strategy needs adjusting, is it better to plan those adjustments now than to regret not making them later.
Informed Family Financial Services:
2570 Boulevard of the Generals Ste. 223
Norristown, PA 19403
Phone: (610) 630-4495
Fax: (610) 630-3891
Jeff Bush is an investment adviser representative of, and securities and advisory services are offered through, USA Financial Securities Corp. (Member FINRA/SIPC). USA Financial Securities is a registered investment adviser located at 6020 E Fulton St., Ada, MI 49301. Informed Family Financial Services, Inc. is not affiliated with USA Financial Securities.
1 - investopedia.com/articles/personal-finance/011216/average-retirement-savings-age-2016.asp [12/8/16]