What percentage of our income should my wife and I be saving for retirement.

We're both 32 yrs old.

Asked by Jonathan

2 Answers

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Answered by Alberto Foster, Insurance Representative in Bethesda, MD
That depends on where you are in your working life cycle.
You two should be saving 7-10%.
| 02.19.16 @ 21:48
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$commenter.renderDisplayableName() — {comment} | 12.07.16 @ 22:36
Answered by Chance Barrett, Financial Adviser in Kalispell, MT
If one or both of you have a retirement plan through your employer available take a look and see if the plan has a matching feature to it. If it does find out what percentage they match up to and, at a minimum, start there. That is money that your employer is willing to contribute on your behalf just for participating in your plan! | 02.23.16 @ 19:57
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$commenter.renderDisplayableName() — {comment} | 12.07.16 @ 22:36
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