Thinking about what your life might be like in retirement? This video informs you how much you should save now for retirement and how to take advantage of your employer match so that you aren’t leaving any free money on the table.
Don’t have time to watch the full video? Read our quick video recap:
Get clear about your goals for retirement - what kind of lifestyle do you plan to have?
Write down your goals in first person narrative form, for example instead of writing “I want to live in Aruba”, you would write “I live in Aruba.”
As a general rule, you want to save around 15% of your salary each year in a retirement account. The earlier you start saving, the better.
Save enough to receive your employer match - free money you get from your employer in a retirement account as long as you contribute a certain amount.
Don’t touch the money in your retirement accounts.