November 22, 2024

I’m 48 with $223,000 saved for retirement. I want to contribute an extra 1% every year. Will that have any meaningful impact?

 I’m 48 with $223,000 saved for retirement. I want to contribute an extra 1% every year. Will that have any meaningful impact?

I’m 48 with $223,000 saved for retirement. I want to contribute an extra 1% every year. Will that have any meaningful impact?

“I anticipate that could have a large impact even though my retirement horizon is a bit short.”