The Savings Needed for Retirement

                       

It’s common to see the financial media fill up space with comments on how much you have to save for comfortable retirement.

                       

All that discussion is meaningless, except to fill up that chatter.

                       

There is no magic amount to save, as some advisers would have you believe. There are simply too many contingencies in life that make a pat-formula 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 earnings, a subject I constantly discuss. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter)