After having thousands of conversations with people about their money, I can tell you there is one thing that sticks out between those who succeed in retirement and those that don't. We'll break down the top predictor of retirement success in the video today.
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The main predicator of whether someone will have a successful retirement or not is their income. How much income they have is less important than whether or not they have control of their income. Folks saddled with debt, and substantial monthly obligations often have a hard time putting away enough money to properly fund their retirement. Likewise taxes can hinder a good retirement as well. Without a proper proactive tax plan thousands of dollars can be lost from a retirement account. Managing these two potential pitfalls by maintaining control of your own income, your greatest asset for retirement is key to achieving retirement success.
