Asked by Jonathan  |  Submitted February 19, 2016

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

We're both 32 yrs old.

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  Answers  |  2

February 19, 2016

That depends on where you are in your working life cycle.
You two should be saving 7-10%.

$commenter.renderDisplayableName() | 09.28.20 @ 03:30


February 23, 2016

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!

$commenter.renderDisplayableName() | 09.28.20 @ 03:30