Finance Expert Doug Messina: How much to save


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How much of my paycheck should I save for retirement?


A reasonable goal is to save 10 percent of your pre-tax income in retirement savings vehicles. If you have the option, consider directing a portion from your paycheck to a 401(k) or another workplace savings plan. Check to see if your employer offers a matching contribution. Those with additional discretionary income may want to save extra money in a Roth IRA, if appropriate, which allows you to build retirement savings with after-tax dollars and potential tax-free income in the future.

Doug Messina
615 Route 32, Suite 4
Highland Mills, NY 10930
845.241.8300
Ask Doug Messina a Question
www.ameripriseadvisors.com

Most hardworking Americans dream about retirement. Yet the road to retirement can raise questions along the way. If you wonder when, where, why or how to fulfill your retirement goals, you are not alone. Here are some common inquiries my team hears from clients who are planning for this major milestone – whether it's right around the corner or far off on the horizon. Remember that your dreams and financial situations are unique, and there is no one-size-fits-all retirement solution.




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