Finance Expert Doug Messina: How much to save


Make text smaller Make text larger



Photos



  • Doug Messina



How much of my paycheck should I save for retirement?


A reasonable goal is to save 10 percent of your pre-tax income in retirement savings vehicles. If you have the option, consider directing a portion from your paycheck to a 401(k) or another workplace savings plan. Check to see if your employer offers a matching contribution. Those with additional discretionary income may want to save extra money in a Roth IRA, if appropriate, which allows you to build retirement savings with after-tax dollars and potential tax-free income in the future.

Doug Messina
615 Route 32, Suite 4

Highland Mills, NY 10930
845.241.8300
Ask Doug Messina a Question
www.ameripriseadvisors.com

Most hardworking Americans dream about retirement. Yet the road to retirement can raise questions along the way. If you wonder when, where, why or how to fulfill your retirement goals, you are not alone. Here are some common inquiries my team hears from clients who are planning for this major milestone – whether it's right around the corner or far off on the horizon. Remember that your dreams and financial situations are unique, and there is no one-size-fits-all retirement solution.




Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Warwick Historical Society seeks the public help
WARWICK — Every so often the Warwick Historical Society stumbles upon an artifact that stumps its research team.
In this case a...

Read more »
Image

Museum Village has reschuled its winter exhibit and farmers' market to Jan. 27
MONROE — Due to the approaching inclement weather approaching, Museum Village has rescheduled its winter exhibit and farmers market...
Read more »
Image

The Warwick Volunteer Fire Department to celebrate its 150th anniversary with a series of events, beginning Jan 26
By Roger Gavan
— It began New Year’s Eve when, in spite of heavy rain, members of the Warwick Volunteer Fire Department...

Read more »
Image

Kacie Capozzoli and Ryan Miller marry
Kacie Capozzoli and Ryan Miller were married on Saturday, Sept. 15, 2018, at the Crystal Point Yacht Club in Point Pleasant, New Jersey. The Rev. John Michael O’Sullivan...
Read more »
Image

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers



MOST COMMENTED



Warwick, NY