With talk about 15 percent being enough for a comfortable retirement, does this mean gross salary or take-home after taxes? What about the money pulled out for my health plan and optional life insurance payments?
Updated: August 07, 2010, - 09:22 PM
The footprints of an aging America are hard to ignore, especially with the leading edge of the baby boom generation reaching its retirement years. Maybe that's why I've been getting a number of questions from middle-aged readers and listeners with a D.I.Y. mind-set about how to take a quick reading of their retirement planning.
Updated: July 31, 2010, - 09:04 PM
Q We plan to travel to Europe this fall. I'm considering getting a Capital One credit card for the trip because it doesn't charge for international transactions. However, I'm worried that adding a credit card will lower my credit rating. Is that likely? We have a VISA and a debit card and always automatically pay the full amount. Our only debt is our home mortgage, which is automatically deducted. Also, is there a way to find out my credit rating free of charge?
Updated: July 24, 2010, - 09:28 PM
Is there a need to keep all those statements from the retirement plans we created or can one just keep the past seven years as you do with other papers?
Updated: July 17, 2010, - 09:41 PM
Take financial planning projections with a grain of salt and remember that you can revise them over the years.
Updated: July 10, 2010, - 08:56 PM
Since this column is being published on July 4th, I'm going to lean toward embracing your son's declaration of financial independence. Try shifting your focus from sheltering him from credit cards to making sure he's financially literate.
Updated: July 03, 2010, - 08:53 PM
There are no easy solutions to long-term retirement security. But on the personal side of the equation, it's clear that one solution is earning an income past the traditional retirement age.
Updated: June 26, 2010, - 09:52 PM
Mutual fund investments are protected because you own the securities and these accounts are segregated. So, even if Wells Fargo Investments, Vanguard, Fidelity or some other major financial institution got into trouble, you're still the owner.
Updated: June 19, 2010, - 09:30 PM
Early this month my youngest child graduated from high school. As any parent knows, it's a remarkable day, a rite of passage full of warmth from family and friends, with quiet moments for wonderful memories. Yes, it's possible to be proud, happy and melancholy all at the same time.
Updated: June 12, 2010, - 09:20 PM