save for retirement
How much of your pay should you save each year for retirement? 15 months ago

The goal of saving for retirement always includes the question “How much is enough?” I’ve read that one should save at least 15% of salary (each pay period). That includes any company match. But depending on a person’s age and whether they put off saving for retirement, that percentage could be much higher.

Regardless, the IRS allows you to save up to $15,500 per year on a before-tax basis (that’s my goal). If your’e age 50+, you can save an additional $5K (or $20,500 ea. year).



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