If you’re a Baby Boomer, it’s very likely that you have retirement on your mind. Even if you love your job and have no immediate plans to stop working, there is a certain peace of mind in knowing you can walk away when the time comes.
If you’ve regularly maxed out your 401(k) plan (or have even gotten close), you may have hundreds of thousands or even a couple million dollars sitting in your account. But with the cost of living what it is these days, can you be sure it’s enough?
According to the National Institute on Retirement Security, 92% of working households don’t meet the savings target they need to retire at age 67.
But there’s no magical age for retirement. The fork in the road doesn’t suddenly appear at age 67, 65, 60… or any other number. It’s here right now, TODAY… no matter how old you are.
That’s because whether you’re 40, 50, 60, or somewhere in between, there’s never a better time than right now to make your financial independence and your retirement dreams a priority.
It’s important to recognize that every day, every month, or every year that you wait to fix it only puts you further and further behind.
So, ask yourself, where are you on the road to retirement?
In our latest infographic below, we map out where you SHOULD be, based on age and income. Click the image below to check it out!
If you’re lucky enough to be on track, then congratulations, you’re officially one of the 8%!
But if you’re among the 92% of us who aren’t anywhere close to having enough saved, you might need to rethink your strategy.
Don’t worry. There’s still time to catch up, and I’ll help show you how it’s easier than you might think. Check out our new infographic, Are You on the Road to Retirement?, to learn more.
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