There are a lot of fun things to spend money on. Retirement does not always feel like one of them. Setting money aside for retirement is hard to do, but it’s truly a great gift that you can give yourself.
Your retirement has the potential to be one of the greatest times of your life—imagine taking your family on a European vacation, eating fantastic food, and reading all the books you never had time to read. It’s possible, but it all depends on how much money you save and invest.
The average person isn’t saving enough to live out their golden years in style. One study, by Vanguard , shows that the average (median) person has only $26,000 in retirement savings.
If you haven’t made an IRA contribution for 2018 and are looking to ramp up your retirement savings rate, you’re in luck: You can contribute up to $11,500 to your IRA by April 15, 2019 .Read more