How much money do you need to save for retirement? Labor economist Teresa Ghilarducci, author of “How to Retire With Enough Money: And How to Know What Enough Is,” explains how to make this decision, based both on rules of thumb and your personal situation. Find out how to avoid the most common mistakes that people make when planning for retirement.

Doug Goldstein, CFP®, talks about withdrawing from your retirement savings. Learn about the adverse results of not taking “required minimum distributions” on today’s show.
The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and contact details of the guest, go to www.GoldsteinOnGelt.com

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Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm specializing in working with Americans living in Israel who have investment accounts in America. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Contact at [email protected]