5 Retirement Fundamentals You Didn't Learn in School
Kindergarten songs helped you memorize all of the U.S. state capitals as well as the year Christopher Columbus sailed the ocean blue. Sadly, no one taught you any jingles about retirement planning. It's okay. Given the state of retirement savings in America, it's clear you're not alone.
Experts recommend targeting savings of $1 million or more for a comfortable retirement, but studies routinely show Americans lagging behind that number. 2019 research from Transamerica Center for Retirement Studies found median retirement savings ranges from less than $3,000 up to $222,000, depending on the household's income. The same report concludes that baby boomers, who are aged 56 to 74 in 2020, have median savings of only $152,000.
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Source Fool.com
