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How Much Should You Save for Retirement?

Last updated 5 years ago

Though Social Security provides a small safety net for retirees, most people want a little bit more for their golden years when reports suggest that Social Security funds will be exhausted by 2035. But how do you decide how much to save?

In this short video from eHow, financial consultant Patrick Munro discusses how to save for retirement. The first step is knowing when you want to retire and what your monthly expenditures will be. In order to decide on the right amount, you should use a financial calculator to adjust for inflation.

If you’re looking for a great long-term investment to protect your nest egg, gold is the smart choice for diversification and protection. For more information on how to invest in gold, call Capital Gold Group at (800) 510-9594. We’re dedicated to helping investors throughout the Los Angeles area make sensible financial decisions.

 

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