1 Easy Rule of Thumb to Help You Save for Retirement
Saving for retirement isn't easy, but as costs continue to rise, it's more important than ever to have a robust nest egg.
Exactly how much you should save for retirement depends on a variety of factors, such as the cost of living in your area, how much you'll be receiving in Social Security benefits, and whether you plan to work in retirement. However, the average adult expects to need around $1.8 million to retire comfortably, according to a 2023 survey from Charles Schwab.
If you're looking to boost your savings with less effort, there's one simple rule that can help: Don't just save -- invest.
Source Fool.com
