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How to save up for a comfortable old age

Fidelity has analyzed national data on retirees’ spending and found that most people need 55% to 80% of their pre-retirement income to maintain their post-retirement lifestyle, according to Entrepreneur magazine.
How to save up for a comfortable old age

A total of 54% of US residents (125 million people) live paycheck to paycheck, according to the Paycheck to Paycheck Report. 21% of this group admit that they do not have any savings, the other part of people refuse unnecessary spending in favor of retirement savings.

Successful retirement plans include a variety of assets. These are usually government pension, deferred retirement annuity and life insurance. Experts advise not to invest all your money in one company or pension fund. Diversification will provide additional insurance for a prosperous future.

When you invest your money in an insurance company or pension fund before taxes, you are saving a lot and increasing wealth.

Source: https://www.entrepreneur.com/article/389338

Photos are from open sources.

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