Financial Planning

The average retiree spends $4,345 on monthly expenses — and burns 75% of that on these 4 things. How does your own spending stack up?

Bureau of Labor Statistics data discloses that individuals aged 65 and up earn an average pre-tax income of $55,335 annually, spending $52,141 yearly. With an average retirement savings of $200,000 […]

The average retiree spends $4,345 on monthly expenses — and burns 75% of that on these 4 things. How does your own spending stack up? Read More »

Americans Believe They Will Need $1.27 Million to Retire Comfortably, According to Northwestern Mutual Planning & Progress Study

New insights from Northwestern Mutual’s 2023 Planning & Progress Study reveal that Americans believe they will need $1.27 million to retire comfortably, surpassing last year’s reported figure of $1.25 million.

Americans Believe They Will Need $1.27 Million to Retire Comfortably, According to Northwestern Mutual Planning & Progress Study Read More »

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