Dartmouth College economist Annamaria Lusardi and her colleagues found that any amount of planning for retirement had a significant effect on the bottom line of the people she surveyed. Take a look at this comparison of net worth between different levels of retirement planning:
Time Spent Retirement Planning Av. Net Worth
- Hardly any time at retirement planning $315,579
- A little time at retirement planning $356,552
- Some time spent on retirement plannning $365,354
- A lot of time spent retirement planning $517,252
As you can see from the above figures, even a little time spent on retirement planning will go a long way.
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