Did You Know?
Saving for retirement is essential, but have you done enough? Will it get you through 20-30 years? Did you know….
- The median net worth of Gen-X is $39,2001
- The Gen-X average retirement savings is $67,0002
- 55% of Gen-X say they have enough to retire…so conversely 45% don’t think so3
- By age 50, you should have saved 3x-5.5x your annual salary4
Do you know how much you need to retire? Do you have a plan to get you there? If the answer is no, it’s time to chat with your own personal CFO. That’s me.
1 - 7/23/18, Pew Research; 2 - 8/20/21 CNBC published from Northwest Mutual’s 2021 Planning and Progress Study; 3 - 4/4/22, Investopedia’s Multi-Generational Literacy Study; 4 - 2815/23 T. Rowe Price