Reported 20 days ago
The Yahoo Finance series 'Investing 101' features Robert Powell discussing effective retirement saving strategies tailored to different career stages. For young professionals, he emphasizes reducing debt and maximizing 401(k) contributions. Mid-career individuals should manage competing financial goals, like children’s education and retirement, aiming to save at least 15% of income and creating a clear investment policy. Retirees must carefully assess income against expenses and may consider conservative investments or part-time work. Powell advocates for aiming to replace 70% to 80% of pre-retirement income.
Source: YAHOO