How to save for retirement

There will most likely come a time when you need to retire. This article will focus on saving for retirement. 

Most financial advisers will recommend a 15% - 20% savings rate to retire at a normal age such as 65. You can increase or decrease this by a couple of percent if you are younger or older than this article assumes (30). You may have to as much as double this if you are 40+.

Where do I save that 15% - 20%?

Well, I'm not a registered financial adviser so take this as information, but the most popular investment for retirement is probably the S&P 500. It has averaged 9.8% growth yearly (with dividends reinvested) over the last 90 years, however it's usually best assume slightly less, say 7%. 

(Depending on your situation, you could save more safely or with less/more of your income, speak to a registered professional.)

This was a basic guide to saving for retirement, and happy saving!

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