According to a 2008 study by Aon Corp., a 25-year-old earning $30,000 who has not started saving for retirement will need to save at least 4.2 percent of his annual salary until age 65 to have a chance of retiring with an appropriate amount of savings. If that worker were age 35 making $60,000, the number jumps to 7.5 percent.
A recent story on
Join the club.
We toy with notions on how to save more, not just for our wedding but for the future as well, she said. But with everything that is happening in the world, choices are horribly limited. Two jobs? Good luck finding another one.
Read more at
-
The first class members of the AICPA and NASBA's pilot Experience, Learn & Earn program are completing their inaugural semester.
45m ago -
A phish, a mill and a stroll overseas are just three of the 12 major scams the Internal Revenue Service identified for this year's rogues gallery.
1h ago -
The process of becoming a remote partner isn't much different from the traditional path — but it may take a little extra effort.
7h ago -
The Internal Revenue Service is extending tax relief on required minimum distributions from inherited retirement accounts not made in 2024 after providing similar relief in recent years.
April 16 -
Internal Revenue Service commissioner Danny Werfel testified at a hearing of the Senate Finance Committee to discuss this past tax season and the proposed budget for carrying out the agency's future plans.
April 16 -
A set of frequently asked questions from the IRS says the benefit can be excluded from income.
April 16