Have a question for other moms like you? CafeMom Answers is the mom-only place to get answers to your questions about parenting, your home, and more.
Just how much is enough to have saved for retirement? $50,000 in your savings? $100,00? More? Much more? I am 36 and have only $3,000 thus far and put away some every now and then. But recently I had to take out $2,500. I needed it. But can anyone give examples as to what is the right path? Thanks!!Answer Question
Asked by Anonymous at 10:57 PM on May. 29, 2012 in Money & Work
Answer by Anonymous at 11:02 PM on May. 29, 2012
Answer by BrawnwynII at 11:02 PM on May. 29, 2012
Answer by Anonymous at 11:05 PM on May. 29, 2012
Answer by BrawnwynII at 11:06 PM on May. 29, 2012
Answer by BrawnwynII at 11:07 PM on May. 29, 2012
Answer by BrawnwynII at 11:13 PM on May. 29, 2012
Generally, you should save 20% of your gross income every year for retirement. Put it in good mutual funds. You might want to listen to a weekly Boston money show on WTKK radio. It is on 9-12 every Sunday EST live and they repeat it in the afternoon. I like it best when Susan Kaplan is on (90% of the time). She has been rated one of the top 100 financial advisors in the US. Just Google WTKK and follow the "listen live" arrows.
Answer by whitepeppers at 8:04 AM on May. 30, 2012