Illustrations by Cathi Mingus

Illustrations by Cathi Mingus

What will it take for you to retire? About $180,000, according to Fidelity Investments’ “Retirement Savings Worksheet.” If you’re the average nail tech, you probably earn about $32,215 each year (according to NAILS’ 2005-2006 Big Book). To maintain that lifestyle into retirement, you will need to have $183,370 in savings by the time you retire at age 65. If you want to — and are able to — work until age 70, you’ll still need $157,024*

No problem, you say. I’ve got my husband and his retirement plan…or I’ll start putting away savings as soon as the kids go away to college…or I’m too young to think about retirement. But are these wise or fool-proof plans for your future? Read on for what experts and fellow readers have to say about those plans and for other advice about planning for your future — so you can make your retirement a reality.

This article contains charts and worksheets, so download the full PDF here.

 

 

 

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