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moneytip

While the general rule of thumb is that retirees will only need between 60% to 80% of their pre-retirement income, this estimate can be significantly different than what is needed in reality.

moneytip

The life expectancy of a 65 year-old is approximately 20 years. Therefore, half of the people who make it to age 65 will live beyond age 85.

moneytip

Adequately funding retirement becomes increasingly difficult as a person gets older. A 25 year-old should be able to fund retirement by saving between 10% to 12% of income from age 25 to age 65. However, a 45 year-old who...

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