SmartAsset: Approaching Retirement? T. Rowe Price Says You Need This Much Saved Based on Your Income
Retirement is a big milestone for many, and planning for retirement can constitute a large financial goal that takes years to reach. In fact, data from the Federal Reserve indicates that the majority of Americans only have $65,000 saved for retirement–far less than most experts recommend.
Investment giant T. Rowe Price has released an updated guide for retirement savers based on income level. Another well-known investment firm Fidelity Investments also has its own retirement savings guide, only with different numbers. So what do you do when the advice conflicts? Which benchmark guide should you follow?
A financial advisor could help you plan for retirement and select investments that align with your financial goals. Speak to a qualified advisor today.
T. Rowe Price Estimates Retirement Savings By Income Group
Planning for retirement can be intimidating, whether you’ve just begun…
2023-07-27 08:00:29
Post from finance.yahoo.com
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