We hear lots of advice on saving and calculating money for retirement...
It can be very complex and involve a lot of factors such as age, investments, current savings, projections and on and on. But according to the Lincoln Financial Group, we can ditch all that data and use some simple math to figure it all out. Their experts say we need 10 times our current annual income, in the bank, in order to comfortably retire. They say even though our salaries will change over the years, the 10-times rule will still apply for most of us.
No comments:
Post a Comment
Post your Wisdom