Retirement expectations and goals (Patreon)

Per this study, some Millennials often underestimate the complexity of retirement planning and the financial needs they will face. I always stress planning. Having a plan and sticking to it is key.

I can tell you right now, if you are under 43, and you think 500K is going to cut it as a retirement saving bag - it is not. 71% will be challenged.

$1.3M is not a bad initial goal. As I say, the first 100K is hard to make, and turning that into $1M is easier than expected.