$1M for every 10 years you want to live after retirement
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.
Yes, the amount of money you have saved is one of the things that they look at. It's even better if you have the money invested in IRAs or money market accounts. Good Luck!
Grandfather looked forward to retirement. Retirement housing costs a lot of money.
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.
Having enough money or a realy good insurance
Some good websites to plan for retirement are retireplan.about.com/ and www.ssa.gov/retire2/. You can also set up a retirement plan with your bank or workplace so that a certain amount goes toward your retirement funds.
In Australia only if you want to. It is not a requirement but is a good idea as the more money you have for retirement, the more comfortable your retirement will be.
Yes, It's a good amount of money ! :)
A simple IRA is a very good way to save for retirement. This is because you will be putting money away, and saving it for a time when you could run into an emergency.
To save for your retirement you should start putting away a percentage of your income, 10% is a good place to start. Investing in IRAs and a 401k is also a great way to go about saving for retirement
Most people will use the change they received after taking advantage of a good deal and place it into a change container. They will then save this change until they have a large amount. When they have saved a large amount most will exchange the change for paper money at the bank.
no