4 signs you won't be ready for retirement that are obvious by age 40 - Business Insider

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If your retirement accounts haven't reached three times your income before 40, you might be off track with saving

Retirement planning is a process that takes years, but the signs that you're not going in the right direction are apparent even when you're young.

And, if you've borrowed money from retirement accounts without replacing it or still have yet to reach saving 15% of your income, you may need to do some extra work to catch up. In a way, that's a good thing: The sooner you catch any potential problems, the sooner you can fix them. And luckily, the signs that something is off with yourHere are four very apparent signs you'll notice if you're not on track for retirement, even in your younger years. "The general rule of thumb is that you want to have an amount equal to your annual income saved for retirement by the time you're 30.

"You should be saving around 15% of your income to go towards retirement your entire working life," Fung says. She also suggests taking this amount directly out of your paycheck so you never miss it.

 

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Also poor wording as retirement accounts make it sound like they mean 401k/IRA, which obviously not feasible for higher earners

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