In this post, I will be demonstrating how the process of saving for retirement is analogous to the engineering equation! As with any engineering analysis, firstly, we will start with a problem statement. Secondly, we will review variables. And finally, we will review the end result. Problem Statement So here […]
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Do you know that the national average retirement savings balance for all ages is $95,600 according to Fidelity? If you review the data further, the average retirement savings balance is $160,000 for age groups 50 to 59 and $182,100 for age groups 60 to 69. These average retirement savings may […]
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Your retirement savings has potential to grow from $417 to $2.8 million over 40 years with consistent investing from every paycheck! Yes, it is possible! How? Read on! After you decide how much to contribute in a 401(k) and/or Roth IRA, it’s time to decide where to invest your retirement […]
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One of the best places to invest your savings from your first paycheck is the retirement accounts: a 401(k) and Roth IRA. Why? Because investing $10,000 per year in your retirement accounts starting in your 20s will make you a millionaire in your 60s! What are 401(k) and Roth IRA? […]
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