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The 6 questions to ask when saving for retirement

Byron Moore

I keep asking about retirement savings. Clients ask:

  • How much should I set aside each month?
  • How big do you think my “egg nest” will be so I can retreat comfortably?
  • Will social security run out of money before I turn 65? Should I even count on it?
  • Which mutual funds or investments will increase my assets the most during this next decade?

These are all good, interesting questions. But these are not questions I recommend you ask first.

I’ll give you six better ones to ask when you’re saving for retirement.

1. Why do I save? The first question to ask about retirement savings is “Why?” Why would I now voluntarily give up enjoying my money? “(a practice called ‘saving’).