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Retirement Planning
RETIREMENT
Start planning today for tomorrow's needs.
Financial professionals typically suggest that you'll need roughly 70% to
90% of your pre-retirement income to maintain your current standard of
living. Under this formula, a person earning $5,000 per month (or $60,000
per year) would need at least $3,500 per month (or $42,000 per year) at
retirement—and that's not taking into account the effects of inflation. If
inflation averages 4% peryear, that person will need over twice as much
income in 20 years just to meet the same expenses.
Last Updated on Monday, 27 October 2008 13:19
Coping with a Job Loss
The world economy. Some small communities are able to save the jobs lost during a buyout, as long as the are being downsized, sold or eliminated. Many jobs are being sent overseas due to the increase in globalization of the world economy. Some small communities are able to save the jobs lost during a buyout, as long as the acquiring company stays in the community. The average family is not prepared to deal with a job loss or a major medical
incident. Are you?
Last Updated on Monday, 27 October 2008 13:17
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