I'm in my 40s and most of the advice I'm seeing is to have $5.5 million saved for retirement, but I only have $150k saved and not sure where to go from here
Briefly

from 24/7 Wall St.3 weeks ago
Retiring early and living a comfortable life is attainable for many if they adjust their financial expectations and understand the realities of income sources, such as pensions.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/14/im-in-my-40s-and-most-of-the-advice-im-seeing-is-to-have-5-5-million-saved-for-retirement-but-i-only-have-150k-saved-and-not-sure-where-to-go-from-here/
The Redditor illustrates a common scenario; with a monthly income from a pension and disability benefits totaling $6,300, he is in a better position for retirement than he believes.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/14/im-in-my-40s-and-most-of-the-advice-im-seeing-is-to-have-5-5-million-saved-for-retirement-but-i-only-have-150k-saved-and-not-sure-where-to-go-from-here/
It's critical to set realistic retirement goals while also taking stock of all available financial resources, especially considering most workers today lack pension coverage.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/14/im-in-my-40s-and-most-of-the-advice-im-seeing-is-to-have-5-5-million-saved-for-retirement-but-i-only-have-150k-saved-and-not-sure-where-to-go-from-here/
Only 11% of private-sector workers currently have access to pension plans, highlighting the importance of understanding alternative retirement strategies for early retirees.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/14/im-in-my-40s-and-most-of-the-advice-im-seeing-is-to-have-5-5-million-saved-for-retirement-but-i-only-have-150k-saved-and-not-sure-where-to-go-from-here/
Read at 24/7 Wall St.
#retirement-planning #financial-literacy #pension-benefits #early-retirement #chubbyfire
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