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Retirement planning has significantly changed over the last few decades, as contribution plans like 401Ks have become the most important sources of retirement income. Goldman Sachs Asset Management Senior Retirement Strategist Chris Ceder joins Wealth! to break down how the best way to start when planning for retirement.
Ceder emphasizes the importance of saving early for retirement: "Time is basically our biggest friend when it comes to retirement savings. The earlier you can save, the better." He says that personalized retirement planning is critical to lay out a clear course of action, especially for Gen X, who is lagging behind in retirement savings compared to Gen Z and Millennials.
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