I'm 25 - what percentage of my income should I put away for retirement?
Answers | 3
It all depends on your goals. If you want to retire early (40-50) and spend a lot during retirement you need to be saving a lot. If you are planning on working later into life (65+) and live modestly you don't need to save as much. First determine what you want to do the rest is just math. Be wary of insurance salesmen telling you to open a permanent life insurance policy. They are expensive and not a very good way to save and invest, Seek out the advice of a "Fee-Only" financial advisor if you don't want to go it alone.