Reported 5 months ago
The article discusses the importance of having a retirement savings goal, as revealed by a survey by the Nationwide Retirement Institute indicating that only 38% of investors have a specific target in mind. Financial advisers emphasize the value of setting a goal to guide savings and investing efforts, even though there is no one-size-fits-all number for retirement. The survey also highlights concerns among older investors about affording basic living expenses in retirement. Advisers recommend establishing a financial goal early and revisiting it regularly, with suggestions to aim for over $1 million for individuals and around $1.5 million for couples.
Source: YAHOO