Just saw this link referenced on a listserv. I thought you all might like to see it, too.
I only got a C+, so it's looks like I have a lot of work to do!
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How Healthy Are Your Finances?
July 15th, 2011 at 09:33 pm
Just saw this link referenced on a listserv. I thought you all might like to see it, too. I only got a C+, so it's looks like I have a lot of work to do! 3 Responses to “How Healthy Are Your Finances?”Leave a Reply |
July 15th, 2011 at 10:09 pm 1310764146
Out of curiosity I kept entering higher and higher numbers in the retirement contributions section to see what they would consider a safe amount. We currently contribute less than $900; the tool didn't say we were safe until I got to $2100 per month!
I looked at their source for that calculation and they were figuring you'd need 80% of your current income in retirement. I think we'll only need about 60%. So that explains why it said we needed to be saving so much more.
July 15th, 2011 at 10:29 pm 1310765363
July 16th, 2011 at 12:20 am 1310772039