Here's How Much You Should Have Invested for Retirement at Age 62

Saving for retirement is one of the most important undertakings of adulthood. Yet few people know how much they need to retire, making it hard to understand whether they are saving enough throughout their working years. This puts people at risk of undersaving for retirement, which could help explain why the average retirement age in the United States has risen from 57 in 1991 to 62 today.Age 62 is also an important milestone: Americans can begin claiming Social Security at that age if they meet the requirements.Social Security alone isn't a retirement strategy. Therefore, people should understand how much they might need to retire comfortably and plan accordingly. Check out below what the experts believe workers should have saved by 62 and some tips to help you meet your goals.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool