Business
What’s your “magic number” in retirement? Basically, how much money would it take to make you feel confident that you have saved enough? With the #1 fear of running out of money, this needs to be specific, right? So, how do we come up with a realistic number? On average, Americans believe they need $1.7 million to retire, according to a survey from Charles Schwab, which looked at 1,000 401(k) participants nationwide. It’s important to remember that nothing is cookie cutter when it comes to income planning, so while $1.7 million may work for some, it may not work for you. The first step to finding your “magic number,” is sitting down with a professional, experienced financial advisor. Contact John of Dubots Capital Management today!