When our parents and grandparents started working, it was more common for people to retire with a generous company pension bolstered by Social Security payments. In 1970, 45% of U.S. nongovernment workers had a traditional employer-funded pension plan. Now, that’s down to just 15%.
If you hope to live the way you want to when you retire, it will take planning and some sacrifice.
In short: It’ll take saving. But how much should you save for retirement? Here are some tips.
Read the full article in the Finances FYI section of The Seattle Times, sponsored by 1st Security Bank.