Saving for retirement is expensive – really expensive.
If your retirement looms large, but your nest egg doesn’t, then don’t despair.
There are solutions.
Consider this: for every $1,000 reduction in monthly retirement spending, you’ll similarly reduce how much money you need for retirement by roughly $300,000.
The truth is most people find it far easier to live a fulfilling retirement on $1,000 per month less than to figure out how to sock away an additional $300,000 in retirement savings.
Rather than delay your retirement until you reach your savings goals, consider a more creative and efficient solution.