9/5/2015 – Have you saved enough to retire? (USA Today)

One reason retirement funding may mystify you: How do you know when you saved enough so you won’t run out of money during your golden years? The answer begins with an understanding of your day-to-day expenses, and how those expenses may change in 30 or more years of retirement.

According to a recent survey from the Employee Benefits Research Institute, 84% of future retirees believe that savings will cover their post-career years – yet fewer than one in three respondents actually calculated how much they will need. Only around 20% had more than $100,000 set aside. More than 10% had nothing at all saved for retirement.

Read the full article in USA Today.