Fidelity Investments has said in their 2021 State of Retirement Planning Study than more than 8 in 10 Americans have said that their retirement plans have been effected by the events that have happened this past year. Most believe that it is going to take them 2-3 years to recover but 82% believe they will still achieve their retirement goals. When it comes to retirement, you want to have 10-12 times that amount that your last full year of working income was. You always can help assist this with a 401K or a IRA.
Key Takeaways:
- There was a study done by Fidelity Investments that showed more than 8 in 10 Americans have said events over the past year have impacted their retirement plan.
- However, 82% of those Americans are still confident that they will reach their retirement goals, with men being a bit more confident.
- When it comes to planning for retirement, you want to have 10-12 times the amount of your last full year of working in income.
“Finding the cash to sock away right now can and will be done, but it did give us pause to figure where to tap the funds to set aside.”
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