Financial advisor, Russell Gaiser was featured in a recent CNBC article to talk about what it takes to retire at the age of 60. The article states that 44% of young adults in their 20s and 30s want to retire at 60 but are not on track to reach that goal. Russell Gaiser shares his thoughts.
Pay attention to your savings rate
If you’ve been diligently saving a healthy portion of your income and investing it for retirement, chances are you’re doing better than most.
“A general rule of thumb would be to save at least 15% of your gross household income toward retirement,” says Russell Gaiser, a certified financial planner with advisory firm The Financial Guys
You can read the full article referenced, 44% of savers in their 20s and 30s want to retire by 60, but few are on track—see how you stack up for full details.
