So our entire adult lives we are told to save money right? And I would assume that most of us have heard from either a teacher, parent, or spouse that you are supposed to save at least 10% of anything you make and put it into savings. And we couldn’t agree more with that philosophy. However, we would change it a bit to make sure that savers understood that you need to save much more than 10% for every 5 years you don’t save. Meaning, if you are 40 years old and still haven’t saved anything yet, you need to start saving much more than 10% in order to retire comfortably and not relying completely on government aid.
This great video brings to light a very good question that we assume many people have, which is “Do I still need to save 10% while in retirement”? Watch the video above to find out!
Watch here on YouTube – “Should you still save 10% while in Retirement?”