Will I have Enough Money to Retire?

How will your children be supported if something happens to you and your husband? What happens to those child support payments if your divorced husband dies?

It is important to start saving early and be consistent. Let’s say you have zero saved for retirement and you are 40 years old and want to retire at 65. How much would you have to save for retirement each month between now and age 65? $5,619. Now let’s say you are 50. You need to save $10,685 per month to be able to retire! So, start early and be consistent.

Click here to read the rest of this week’s blog, and check back for the next post, Educate Yourself.