Personal Finance

Finding Out How Much Income You’ll Need in Retirement

by Glenn Busch August 26, 2011
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The standard answer is 75% of your current income.Will this work for you? Have you tried living off 75% of current income? Herein lies a worthwhile exercise, try living off 75% of your income. Try it for 6 months; try it for a year.

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Are You Contributing Enough to Your 401(k) Plan?

by Glenn Busch July 18, 2011
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According to the article, the majority of companies set the automatic contribution rate at 3% compared to the 5-10% rate people usually choose on their own. The auto-enrollment has greatly increased 401(k) participation but workers are missing out on a great retirement saving opportunity if they do not increase their automatic contributions above the standard 3%.

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The Scariest Financial Statistic (and it’s NOT the US Government Debt)

by Adele Canetti May 26, 2011
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So why, why, why do people manage their financial lives with zip, zero, nada margin for error? I can understand that many Americans are struggling these days, but is this the case even for those who own a $400,000 home , $20,000 vehicle or a $5,000 entertainment system?

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