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Saving for Retirement – How to Calculate What is Needed.

The rate of savings needed to fund retirement income is primarily dependent upon when you start.  Needless to say, the sooner the better.  Savings should be a percentage of your income above and beyond your “cash on hand”, that is set aside with each paycheck and invested.  Expected rates of return, anticipated future earnings and social security all add to finding out how much will be needed for retirement and how much you specifically should be saving with each month. 

I found this article from CNBC to provide an interesting breakdown of how to start calculating needed savings:

https://www.cnbc.com/2019/03/12/most-americans-arent-saving-enough-to-retire-by-age-65.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail

Women and Financial Literacy – generate compounding returns of their own!

Increasing your financial literacy as a woman is an investment of its own.  This article from Forbes does a very good job at explaining why continually increasing your financial literacy, especially for women, is crucial and starting sooner rather than later has its own compounding effects.

https://www.forbes.com/sites/elizabethharris/2018/04/30/new-studies-highlight-why-women-must-become-more-financially-savvy/#769ac4fb7062