Saving For Retirement? Make Sure You’re Doing it Right!
YOUNGSTOWN, Ohio — John Ryan, a financial associate at Mediate Financial Services Inc., Canfield, says younger customers coming in for advice are usually driven by a life event such as marriage or having a child. Others just want to make sure they’re doing things right.
Ryan advises younger customers to have their life insurance in order and to stick with a strict budget. Those in their 20s and 30s should target having at least the amount of their annual salary saved. That increases to three times their salary in their 40s, and six to seven times in their 60s, he says.
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