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How Much to Save

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“Where do you see yourself?”

So much is riding on your vision of retirement. If you’ve got your heart set on seeing the world, you’ll need to save a heck of a lot more than someone who plans to take it easy on the back porch. Here’s what I suggest. Even if it’s years in the future, tune in your ideal picture of retirement. Talk to your partner, too, to see if your plans match. Now’s the time to decide what you want to do while you still have plenty of time to save. To get the brain waves flowing, use our worksheet. Decide how you’ll spend time in later years and get an idea of how costly or economical your retirement might be.

Worksheet

 Activity
Percent of My Time
Work
%
Family
%
Community
%
Learning
%
Chores
%
Socializing
%
Fitness
%
Relaxation
%
Hobbies
%
Outdoors
%
Travel
%


Envision your future
Estimate needs
Evaluate resources
Bridge the gap


© 2008 ING North America Insurance Corporation. All rights reserved.
Advisory services provided through ING Financial Advisers, LLC (member SIPC).
This information is not intended to be tax or legal advice. ING does not offer tax or legal advice. Consult your own legal or tax advisor regarding your specific situation.
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