Wednesday, May 22, 2013

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How much should you save for retirement?
Posted: 03.01.2013 at 7:45 AM
Courtney Highfield

Courtney Highfield is a reporter for FOX 31.

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In our Facebook Story of the Day, we look at how much a person needs saved up for retirement.  / File
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ALBANY, GA --
In our Facebook story of the day you wanted to know how much you should save for retirement.

FOX 31 spoke to Jerome Davis, an accountant with Country Financial, says you need about $500,000 saved when you decide to retire. Davis said there are multiple ways you can do this, some of these ways are through social security, a pension plan, retirement accounts such as 401k’s, 403b’s, and IRA’s, and through personal saving and investment accounts.

Davis also said the sooner you start saving, the better of you will be in the long run.

Stay connected to MySouthWestGA.com as stories develop and the FOX 31 Newscast at 10 PM. Visit us on Facebook and Twitter to join in on the conversation and connect with FOX 31!

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