Finally a Safe Savings Rate for Your Retirement Formula

Dollar Egg by digitalart

One of the biggest mysteries the average working adult faces when it comes to their personal finances is knowing what the right answer is when it comes to the question of HOW much they should be saving every paycheck for retirement?  We’ve all seen generic articles that say to save 10% or whatever, but how do we know that percentage is really the right number to plug into our personal retirement formula?Even if you did take the time to figure out how much money you’d need and what size nest egg to save for, how do you know what chances your savings target would have of surviving another economic downturn like we had this past decade?  What confidence do you have that the number you pick will result in your savings being able to last … [Read more...]