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Determining How Much to Save For Retirement

Trying to determine how much one needs to save for retirement is likely one of the most challenging computations that one faces in life.  One can simply avoid such complexities by not even trying to save for retirement and living off of Social Security, but that could render retirement unpleasant.  As indicated by the Retirement Living Information Center, the average Social Security payout these days is approximately $1300 per month.  

Anirban tells us more. 

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.