Most young families have tons of question about retirement planning (or investing in general). Yet, one of the most common questions that young people ask is this one:
How much do I need to save to have enough money when I retire?
There are many variations of this same question, but it all boils down to the same basic philosophy. What’s the minimum that I can sacrifice now and not regret it later? Do you see anything wrong with this approach? Too often families under-prepare for their retirement and I believe it is a result of this approach.Continue Reading