By: Leandro
In reply to <a href="https://compoundingpennies.com/much-money-save/#comment-29909">Lance @ Healthy Wealthy Income</a>.
I strongly agree! If your retirement and finances go unplanned, you will soon find yourself in the bottomless pit of problems. Ask yourself, do you have enough money to fund all your needs? What are those needs? Of course, aside from daily needs such as food, payment for bills, etc. we also need to think about our possible healthcare and long term care needs. As early as possible, even though it may seem too far away (10 years or more), we should already have a clear picture of our financial path during retirement. Check out Medicare supplement plans to fill the gaps of your future Original Medicare and other forms of insurance to cover other needs such a long term care. Find out how it can help you survive a possible financial catastrophe in life. Compare various rates to ensure that you’ll get the best out of your money.
By: Alexis @FITnancials
I have about 6 months of bills in savings in my account, but I always add to it!
By: Jon Dulin
In reply to <a href="https://compoundingpennies.com/much-money-save/#comment-30070">Simon E.</a>.
Agree 100%
By: Simon E.
There is certainly no easy answer to the retirement savings questions...a lot of factors are in play. One thing is for sure though, the earlier one can start saving for retirement, the better. It doesn't matter how much at first, just start.
By: Lance @ Healthy Wealthy Income
This should be a class in college or high school. What a simple question yet if it goes unanswered for years and decades it can make life tremendously difficult.