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What else can I help you with?
How much does the average American save for retirement?
200000
Does the Bible state how much money should be saved for retirement?
No, but it states not to hoard
What kind of changes have we seen recently in the average retirement income?
Here's a file that includes information about changes in average retirement income over time: http://www.ebri.org/pdf/publications/books/databook/DB.Chapter%2006.pdf. Check out this recent article about "the retirement dream": http://moneyfeatures.blogs.money.cnn.com/2009/07/31/can-we-save-the-retirement-dream/ I know that many baby boomers now retiring do not have much, if any, money saved for retirement. On top of that, Social Security will in no way be enough to help the average person survive.
How can an annuity calculator help me plan for retirement?
It is an extremely useful tool as not only will it give you a guide to how much you will have saved, but also, you can work backwards and see how much you need to save to have as much you would like to have in retirement.
How much money tdo I need to have saved for Retirement?
You should put away at leasy 10% of everything you make. How much you will need will depend on when you retire.
How much money should I have saved before considering retirement?
How much you should save for retirement depends on a lot of factors such as how much income do you want in retirement and will you have other sources of income in retirement such as pensions or part-time employment. Tax considerations and planned charitable giving should also be considerations. A number of finance websites offer retirement planning calculators. Yahoo offers this "How Much Will I Need To Save For Retirement?" calculator (can be found at http://finance.yahoo.com/calculator/retirement/ret02) which may be a good starting point.
Will the Fers retirement calculator show me how much money I should invest?
In order to find out how much money that you need to invest in retirement so you can have a good sized amount saved, you must actually attempt to do the math yourself, ask a financial advisor, or actually try to use the Fers retirement calculator.
In 10 days Juana saved 27.50. One average how much did she save per day?
To find out how much Juana saved per day, divide the total amount saved by the number of days. So, (27.50 \div 10 = 2.75). On average, Juana saved $2.75 per day.
What is the average savings and retirement funds of a 65 year old?
The average savings and retirement funds of a 65-year-old can vary widely based on individual circumstances such as income, savings habits, expenses, and investment decisions. However, reports indicate that many Americans nearing retirement have saved around $200,000 to $400,000. It's important to consult with a financial advisor to determine a personalized retirement savings goal based on your specific needs.
How much do most retirement age people have in 401k?
The average amount saved in a 401(k) by those in their 60s is around $195,500. However, this amount can vary widely depending on factors such as income level, years of contributions, and investment choices. It's recommended to consult a financial advisor to determine an appropriate savings goal for retirement.
How much Native American ancestry does the average American have"?
The average American has about 0.18 Native American ancestry.
Does the savings account have to do with financing?
Yes, savings account definitely has to do with financing. It basically determines how much money you have saved up for your retirement, and with it, you need to be able to finance it.
