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.
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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.
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Stashing Funds For Retirement Aint Easy For Anyone
April 14, 2009, 10:32 a.m. EDT 1 Min Read