Monday, April 30, 2007

 

Saving 10% of Income Might Not Suffice for Contingencies

It's a rule of thumb that's been repeated so often it's become accepted wisdom: If you want to be financially set in retirement, you should save 10 percent of your salary each year.

The 10 percent solution has simplicity going for it. And the fact that it's invoked so frequently lends it a certain air of authority. But will following this strategy guarantee you a secure retirement?

Source: Yahoo! Finance
Saving 10% of Income Might Not Suffice for Contingencies

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