As the new year begins, I have been putting more thought into how I have been doing with my retirement savings. When I was getting out of debt, I decided to wait to pull money out of my paycheck and fund my retirement fully. I feel that I made the right choice because I was paying over 13% interest on my credit cards. Since I don’t believe I would have been making those type of returns in my 401k, I think I made a good financial decision.
As I look toward creating some great goals for 2013, I had to put my retirement savings under the microscope. How am I doing now that I am funding it? How much more do I need to save? When do I want to retire? All of these questions are great and can be easy to deal with with the right resources. Luckily for me, I was able to locate a great infographic from Money Crashers. They ask the simple, yet powerful question, “Will you be ready for retirement?”. Find out below!
“How Much to Save for Retirement – Are You Ready?” – An infographic by Money Crashers Personal Finance
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