Take a moment and think about how much savings you’ll need in retirement.
Write that number down.
Now here’s a reality check: That number is probably low.
Not because of your math skills, but because most people underestimate what their costs will be in three critical ways.
A new study found that 37% of retirees say their overall retirement cost estimates turned out to be low.
And when it comes to healthcare, 44% of retirees said they’re facing higherx costs than they expected. (Source: 2018 Retirement Confidence Survey by Employee Benefit Research Institute)