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

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