Page 3 - 529 College Savings Plan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

1. Retirement is expensive and you can t borrow for it
It s estimated that the average retiree needs a $1 million nest egg to retire comfortably. This includes costs of healthcare, everyday expenses, travel, and any inheritance you d like to pass on. This number can be a bit mind-boggling, especially to two young, soon-to-be-parents just starting out in their careers. 
When our financial advisor walked us through what we d need to save each month in order to reach our retirement goals, we were shocked to learn that we could actually afford the $500 contribution to my husband s 401(k) (which was matched at 75% by his employer), plus the $500 per month contribution to my IRA.  ....

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