For many Americans, the art of saving is something that they have yet to master. This may be especially true for those who have just entered the workforce or have gotten their first good-paying job. The mantra of these professional men and women is often to spend instead of save and it’s time that changed.
One of the most common questions clients ask us is “How much money do I need to retire?” The answer varies greatly depending on how you have been saving for retirement up to this point. If you have only saved into a regular or high-yield savings account, then keeping up with inflation throughout your retirement will likely be difficult.