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Joe & Al show you how much you should saving for retirement according to your age and salary.

Important Points:

0:11 “Let’s take a look at if you’re in your 20’s, 30’s, 40’s or 50’s – what is the game plan here?”

0:22 “Let’s say you’re 30 years old. You want to have at least one times your salary saved. So if you’re making $50,000 a year, you want to make sure you have fifty grand in the bank.”

0:30 “Let’s jump up to 45 [years old]. You want to have four times your annual income saved. Once you get into your sixties, that’s eight times [your salary]; that’s a huge number.”

0:43 “Procrastination is one of the key components of why people are not necessarily successful.”

1:05 “A lot of the time it’s just simple arithmetic. How much money do I need to maintain the lifestyle that I want long-term?”

2:00 “That does shows why you want to start as early as possible when you’re saving.”

About the Hosts

Joe Anderson

President

CFP®, AIF®

As President of Pure Financial Advisors, Joe Anderson has led the company to achieve over $2 billion in assets under management and has grown their client base to over 2,160 in just ten years of the...

Alan Clopine

CEO & CFO

CPA, AIF®

Alan Clopine is the CEO & CFO of Pure Financial Advisors. He currently shares the CEO role with Michael Fenison, the original founder of the company. Alan is primarily responsible for the day-to-day activities of...