Retirement Replay: How Much Money Do You NEED To Retire, Ep #79

One of the most common questions asked of financial advisors who specialize in helping people plan for retirement is the main question that makes our services necessary: How much money is needed for an adequate retirement fund? There are a handful of ways to answer the question and I try to walk through them in short order on this replay episode of the podcast. You will want to hear this episode if you are interested in... [3:25] The Retire Inspired Quotient [5:50] Fidelity's rule of thumb for retirement [8:10] The average 401k balance [11:38] An example where the rule of thumb doesn't fit [13:33] What you need depends on retirement goals Resources & People Mentioned Dave Ramsey YouTube Video The Retire Inspired Quotient Fidelity's article on Retirement The Average 401k Balance by Age U.S. Bureau of Labor Statistics Connect With Gregg Gonzalez Email at: [email protected]  Podcast: https://RetirementMadeEasyPodcast.com Website: https://StLouisFinancialAdvisor.com Follow Gregg on LinkedIn Follow Gregg on Facebook Follow Gregg on YouTube Subscribe to Retirement Made EasyOn Apple Podcasts, Spotify, Google Podcasts