Have less than $25K in savings? Get in line
How much in savings and superannuation do you have? I’m sure you’ll agree that in order to retire you’ll need a lot more than $25 thousand. Unfortunately there is a lot more people than you’d think that only have about this much. Yes, a lot of them are in the under 35 years old category as you’d expect, but there is also a lot of older people in this quite worrying situation.
This article I found gives you the percentages of what you need to be saving for your age group and also links to an online calculator to help you. Remember, now is the time to start planning for your retirement. There are many ways to help you get there quicker, just search this site for ideas.
I reccomend that superannuation and savings is your security/backup plan not your main and only investment vehicle.
If you haven’t already, Start today!
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