This retirement advice should be retired
We’ve all been told how much to save for retirement. However, setting such a high goal, especially for those in their 20s or 30s, can leave many people so frustrated by what they’re told to save that they completely give up on savings and investing altogether. Although some guidelines should be followed, it should be reasonable as even saving a little will help. Around your mid-40s to early 50s is the time people should pay attention to saving guidelines to ensure you can retire with the lifestyle you want.
“Savings guidelines can help you see if you’re in good shape or need to save more. Ultimately, though, we need people to save consistently for retirement. “