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As it stands, the median retirement savings for someone in their 30s is $95,378, according toEmpower.
That said, we truly encourage them to pay themselves first by contributing to retirement, said Grimes.
initiate the Numbers
In doing so, its important to determine whats feasible by using real numbers.
We also ask clients to complete a worksheet on their cost of living, Grimes said.
This gives us a good idea of the amount of income theyll need in retirement.
We work back from there.
Getting specific like this can help make reaching your retirement goals more likely.
This has to be intentional to be successful, Grimes added.
What If You Dont Know What You Want?
By being proactive now, you’ve got the option to help your future self.
so you can have this option, they need to save and invest along the way.
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