How Much Can You REALLY Afford to Save? A Simple Formula for Retirement Catch-Up!

If you're 50+ and catching up for retirement savings, start by finding how much you can actually save and invest each month. Known as your Monthly Capacity. 👉 Download the FREE Retirement Momentum Workbook: https://retirement-momentum.kit.com/a... Complete Page 2 of the workbook as you watch. Bring forward your estimated Monthly Capacity from Page 1, then use your income and expenses to calculate your Monthly Capacity. A key number in your retirement planning. You shouldn’t be guessing what you can afford to save. You need a clear picture of what's coming in, what's going out, and where you may be able to create more breathing room. In this video, we'll turn those numbers into a practical starting point for your retirement catch-up plan. WHAT YOU'LL LEARN: • What Monthly Capacity means and why it matters • The difference between gross income and take-home income • How to organize your fixed and discretionary expenses • Where you may be able to create more room in your budget • How to calculate the amount available to save and invest • How to use your number to plan your next steps BEFORE VIDEO #3: Write down what you think your total net worth is. Don't calculate it yet — just make your best estimate. NEXT STEP: Watch Video #3 to calculate your actual net worth and establish your financial baseline. CHAPTERS: 00:00 Finding your Monthly Capacity 05:05 Gross income and take-home pay 07:26 Add up your fixed expenses 09:40 Add up your discretionary spending 12:11 Calculate your Monthly Capacity 13:53 What your number means and your next step Retirement Momentum provides educational information only and does not provide individualized financial, investment, tax, or legal advice.