We get it — retirement planning is a must. According to Northwestern Mutual, the average American has approximately $89,300 tucked away for those golden years. Sounds good, right? Well, hold that thought. Over a 20-, 25-, or 30-year retirement, that sum might not stretch as far as you’d hope, especially when factoring in Social Security benefits.
You’re likely doing your part by carefully budgeting and setting money aside in your IRAs or 401(k) plans.
Saving for the future is undoubtedly prudent.