Master Wealth with These Financial Planning Secrets
Retirement Planning
Ensuring a comfortable retirement is a primary goal for many individuals. Retirement planning involves determining retirement income goals and the actions necessary to achieve them. This includes identifying sources of income, estimating expenses, and implementing a savings program. According to the Social Security Administration, the average monthly retirement benefit is approximately $1,8273, which may not suffice for a comfortable lifestyle. By contributing to retirement accounts like 401(k)s or IRAs, you can build a substantial nest egg to support your post-retirement life.