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(402) 461-4893  preston@eladvisors.us
Mon - Fri 8am - 5pm
Hastings, Nebraska Financial Advisors

Have you done your homework on retirement?

Englund & Lindsteadt Financial Advisors > Blog > Have you done your homework on retirement?

1. In order to maintain living standards in retirement, what percent of annual
income do financial professionals think people should save?
A. About 3%
B. About 6%
C. About 9%
D. About 12%
E. About 15%

2. Roughly how much do many financial professionals suggest people think about saving by the time they retire?
A. About 2-3 times the amount of your last income
B. About 4-5 times the amount of your last income
C. About 6-7 times the amount of your last income
D. About 8-9 times the amount of your last income
E. About 10-12 times the amount of your last income

3. If an investor could set aside $50 each month for retirement, how much might that end up becoming in 25 years, including interest if it grew at the historical stock market average?
A. About $15,000
B. About $30,000
C. About $40,000
D. About $50,000
E. More than $60,000

4. Which of the following do you think is the single biggest expense for most people in retirement?
A. Housing
B. Health Care
C. Taxes
D. Food
E. Discretionary expenses

Check your answers at the bottom right corner of the page. Did you miss any of these questions? Are you still unsure about any of these topics? If so, don’t let this pop quiz burst your bubble!

For more information, please contact Preston Englund at 402-461-4893 or preston@eladvisors.us.

Securities offered through IFP Securities, LLC, dba Independent Financial Partners (IFP), member FINRA/SIPC. Investment Advice offered through IFP Advisors, LLC, dba Independent Financial Partners (IFP), a Registered Investment Adviser. IFP and Englund & Lindsteadt Financial Advisors are not affiliated.

The information given herein is taken from sources that IFP Advisors, LLC, dba Independent Financial Partners (IFP), IFP Securities LLC, dba Independent Financial Partners (IFP), and it advisors believe to be reliable, but it is not guaranteed by us as to accuracy or completeness. This is for informational purposes only and in no event should be construed as an offer to sell or solicitation of an offer to buy any securities or products. Please consult your tax and/or legal advisor before implementing any tax and/or legal related strategies mentioned in this publication as IFP does not provide tax and/or legal advice. Opinions expressed are subject to change without notice and do not take into account the particular investment objectives, financial situation, or needs of individual investors. Prepared by 3rd party.

Answers:

  1. About 15%.
  2. About $40,000.
  3. About 10-12 times
  4. Housing.