It’s common to see the financial media fill up space with comments on how much you have to save annually for retirement, or how much savings you should amass in order to have comfortable retirement.
All that discussion is meaningless, except to fill that chatter.
There is no magic amount to save, as some advisers would have you believe. There are too many contingencies in life that make a pat-formula too simplistic and useless.
The practical solution to proper retirement is to save and invest all you can. And secondly, to depend on alternate sources of retirement income, other than Social Security and personal investments.
That means the possibility
of having a source of part-time income, a subject I constantly
discuss. (See the Earl J. Weinreb NewsHole® comments and
@BusinessNewshole at twitter)
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