Translating your current required annual retirement savings amount into a percentage of total income and then investing that same percentage throughout your working life will help you build a retirement savings fund that keeps up with Social Security.

Question

Translating your current required annual retirement savings amount into a percentage of total income and then investing that same percentage throughout your working life will help you build a retirement savings fund that keeps up with Social Security.

Quizplus · Accepted Answer

Investing a consistent percentage of your total income throughout your working life helps to ensure that your retirement savings grow at a rate that keeps pace with inflation, maintaining the purchasing power of your savings over time.

Translating Your Current Required Annual Retirement Savings Amount into a Percentage