How Much You Need to Save in 2023

Money for Life with Eric Roberge, CFP

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2+ y ago 29:12

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In this episode, we're sharing our 4-step framework to help you hone in on a savings rate that's right for you.

If you ask 10 different people how much you need to save per year to set yourself up for a secure financial future, you will probably get at least 15 different answers. It's confusing! And even if you go with the most common answer to "how much do I need to save," which may be 10 to 15 percent of your gross income each year, that might still not get you to the right answer FOR YOU.

(Spoiler alert: 10 to 15 percent probably isn't going to be enough.)

So how DO you figure out this complicated, confusing question that EVERYONE, regardless of income or financial status or goals that they have, needs to ask and answer?

Tune in to get the framework, and join in on the conversation as we walk through some specific savings rates to discuss why they do or don't work.

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