Fundamentals of a Successful Savings Program
- Topics:
- Amortization,
- Insurance,
- Retirement
- Source:
- Investopedia
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Overview: The main goal of a successful retirement program is to ensure one will have sufficient financial resources to maintain or improve one's lifestyle during his retirement years. According to some financial planning experts, to do so, one will need to save enough so that his retirement income is 70-80% of his pre-retirement income. And one will need a higher percentage if his plan to improve his standard of living. Building such savings requires careful planning, which includes assessing one's current assets, the number of years left until retirement and how much he will be able to save during his pre-retirement years.
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Format: HTML | Date: Jun 2005 | Pages: 3
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