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America Saves Week: from the Vault…

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Retirement Planning

The amount of money needed for a financially secure retirement depends for the most part upon your age, your health, family composition, and your lifestyle goals for retirement. There is no easy answer to the question of “How much money should I save for retirement?” You can, however, make a plan that will provide you with a good estimate of the amount you will have available and the amount you will need to save. Define your goals, and set priorities among them. Periodically, as your goals, inflation rate, interest rates, income sources, and taxes change, you will need to review and revise your plan.

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