According to a recent Bank of America Merrill Lynch study, there’s a gap between a pre-retiree’s intention to save for retirement and the actions they actually take to save for retirement....
Tenets of Financial Planning for Retirement
How Much is Enough?
When tackling the question of how much money to have saved up for retirement, there are 2 ways to think about this. The first is what I’d call the stockpiling mentality. The thought here is you save diligently until your funds reach a certain monetary level, usually your comfort zone for retiring....