Comments on: Retirement Planning: Are You Ready for Retirement? http://blog.equifax.com/retirement/retirement-planning-are-you-ready-for-retirement/ Fri, 24 May 2013 13:11:28 +0000 hourly 1 http://wordpress.org/?v=3.5 By: Equifax Finance Blog editor, JF http://blog.equifax.com/retirement/retirement-planning-are-you-ready-for-retirement/#comment-12942 Equifax Finance Blog editor, JF Wed, 26 Sep 2012 16:48:04 +0000 http://blog.equifax.com/?p=4074#comment-12942 @Anonymous – Sorry for the confusion. What Jeff Rose is trying to say is that at the time of retirement, your savings (retirement accounts, investments, etc) should equal 80-90 percent of your yearly salary, for each year of retirement.

So, if you make 50k now, you should plan on setting aside 40-45k for each year you think you’ll be living on your retirement income. That’s why it’s important to start setting aside money early, so your investments have time to grow and will be able to support you in your retirement.

Thanks for reading and commenting.

]]> By: Anonymous http://blog.equifax.com/retirement/retirement-planning-are-you-ready-for-retirement/#comment-12939 Anonymous Wed, 26 Sep 2012 15:19:47 +0000 http://blog.equifax.com/?p=4074#comment-12939 Are you saying I have to save 40-45K a year out of a 50K salary…

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