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Retirement Saving Made Easy

GGlasgow Blogger

Image of an elderly couple enjoying retirement with friends.jpg

 

Are you on your way to having enough money for retirement? Estimates vary on how much the average American needs to have in the bank when they stop working – $1 million is a nice round number, but it’s also one that can cause a lot of anxiety – and isn’t always right for everyone.

 

While a rebounding economy and a renewed focus on saving means more Americans are seeing their retirement savings grow, a large number of people struggle later in life because they didn’t put enough away while they were working.

 

No matter where you are in your career journey, it’s always a good idea to think about the future. Whether you’re planning to stop working – wholly or in part – in five years or in 30, you need to know if you’ll have what you’ll need when it comes time to enjoy the fruit of your labors.

 

Check out the Transamerica  Retirement Savings Plan Calculator to estimate how much you’ll have in your account when it comes time to retire – and to determine how much to increase your contribution if necessary. You can also visit the Social Security Administration’s site to estimate how much you’ll get when you file. (Social Security made changes this year that affect high-wage earners and those who supplement their benefits with a part-time job; learn more here.)

 

What lessons have you learned about saving for retirement? 

 

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Warning: Misuse of Transamerica name in fraud schemes. Read more.

This material was prepared for general distribution.  It is being provided for informational purposes only and should not be viewed as an investment recommendation.  If you need advice regarding your particular investment needs, contact a financial professional.

Insurance products and services are offered or issued by Transamerica Life Insurance Company, Cedar Rapids, IA; Transamerica Financial Life Insurance Company, Harrison, NY (licensed in New York); Transamerica Advisors Life Insurance Company, Little Rock, AR; Transamerica Premier Life Insurance Company, Cedar Rapids, IA; and Transamerica Casualty Insurance Company, Columbus, OH. Variable products and mutual funds are underwritten and distributed by Transamerica Capital, Inc., or Transamerica Investors Securities Corporation, each a broker/dealer and member of FINRA. Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker/dealer, member of FINRA, SIPC and a Registered Investment Adviser. Investment advisory services focused on the unique needs of individual retirees, retirement plans and their participants offered by Transamerica Retirement Advisors, LLC, a Registered Investment Adviser. References to Transamerica on this site apply to an individual company or collectively to these and other Transamerica companies. This site may not yet be approved by the Departments of Insurance in all states at the time of publication. Transamerica companies are part of the Aegon Group. Copyright 2011 - 2017 Transamerica Corporation, 4333 Edgewood Road NE, Cedar Rapids, IA 52499 - All Rights Reserved. Transamerica does not sponsor, endorse or promote any products or services mentioned

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