Money with Mickey 7/30/2020

Mickey Cargile has retirement savings advice for you, no matter your age!
Published: Jul. 30, 2020 at 9:27 AM CDT
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(KOSA) -

How much savings is enough for retirement?  Our financial expert, Mickey Cargile of Cargile Investment Management, has some advice for you.

Below are the questions that Mickey answered on his segment Money with Mickey Thursday morning.

Q1: The typical U.S. worker has saved only $50,000 for retirement. For people who learn less than $50,000 a year, the typical total retirement savings is a meager $3,000. Why are the savings so low?

Q2:  What will happen to workers who just have not been able to save for retirement?

Q3: What advice do you have for workers who have not saved enough?

Q4:  If you are ready to retire and have saved through your company retirement plan, what is your next move?

Mickey Cargile joins Wake Up West Texas every Thursday at 6:45 a.m.

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