Here's How Much You Should Have Invested for Retirement at Age 60

Not being prepared for retirement is a top financial worry for many Americans, and it is also an understandable source of concern. While Social Security helps seniors support themselves during retirement, it only replaces about 40% of pre-retirement income. That amount is not enough to maintain your standard of living as a senior.Unfortunately, preparing for retirement by saving and investing isn't something that you can do in a few years.Given the huge amount of money you'll need to support yourself for decades of life with no paycheck, you're going to have to work toward saving throughout your career. And once you reach your 60s and start moving very close to retirement, you'll need to make sure you are in a good financial position.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool