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