Sentences with phrase «financial rule of thumb»

A common financial rule of thumb is to set aside enough savings to cover 3 - 6 months of expenses, should one or both of you suddenly find yourselves unemployed.

So when its cost explodes relative to normal inflation, every financial rule of thumb goes out the window.

Financial rules of thumb don't always hold true.

Of all financial rules of thumb, this is probably the worst.

In the past, you've probably seen my rant about some of my most - hated financial rules of thumb.

Not too long ago, J.D. over at Get Rich Slowly posted 25 Useful Financial Rules of Thumb.

Not exact matches

The general rule of thumb was one financial crisis every 10 years.

The financial planning rule of thumb is to spend no more than 30 percent of a familys monthly income on housing, but it is nearly impossible to follow that guideline now in Seattle.

Apple Computer Inc.'s rule of thumb is that their little machine, depending on the software, typically can handle the general accounting for a business with up to $ 5 million in sales annually, although the limit varies with the nature and volume of the company's financial activity.

Instead, they need to follow some rules of thumb to keep them out of a financial straitjacket.

Financial industry norms and academic theories — even popular beliefs — have always assumed assets saved for retirement would be systematically withdrawn — following the «4 % rule» or some other rule of thumb or system — by retirees in order to maintain a consistent standard of living.

Financial planners and Wall Street have joined together over the years to promote rules of thumb and products such as target date funds that have produced mediocre...

As a personal rule of thumb I would argue for the preservation of at least 30 % of your personal assets as a cushion against total financial ruin.

When it comes to retirement rules of thumb, the financial industry is experiencing its own version of new dietary guidelines, and the new rules for navigating retirement seem here to stay.

A good rule of thumb is to save 10 - 20 % of your net income toward your top three financial goals for the year.

The usual rule of thumb is to not give your passwords out, don't publicize personally identifying things and be careful with your financial information.

That rule of thumb commands that if the cost of renovating an older school exceeds 60 percent of the cost of a new school, the school district should build a new school if the district wants to receive financial assistance from the state.

Now depending on your financial situation, and the 6 % rule of thumb, you can decide if you want to use that extra money to pay off another student loan or to increase your investing account.

When it comes to retirement rules of thumb, the financial industry is experiencing its own version of new dietary guidelines, and the new rules for navigating retirement seem here to stay.

For financial and practical reasons, the effectiveness of the alternative RMD strategy compares favorably to traditional rules of thumb.

Rather than attempt the complex calculations necessary to arrive at an optimal strategy for drawing down and spending their retirement savings, retirees rely on easy - to - follow rules of thumb, such as the 4 % rule advocated by some financial planners.

A simple rule of thumb is that you should buy enough life insurance to cover all major upcoming financial obligations, assuming your family also had access to your liquid assets.

Personal financial ratios are only general rules of the thumb and may not necessarily give you the exact picture of the financial situations.

Many financial advisors suggest saving at least 3 - 6 months worth of living expenses, but this is only a general rule of thumb and will vary based on a person's unique circumstances.

«My rule of thumb is that if it has dust on it, it has to go,» said Shannon McLay, founder of The Financial Gym, a financial services firm in Financial Gym, a financial services firm in financial services firm in New York.

If there's one thing Financial Uproar is all about, it's shattering rules of thumb.

As a rule of thumb, Gail Vaz - Oxlade, financial author and host of»Til Debt Do Us Part, says that people who start saving in their twenties can assure themselves a comfortable retirement by setting aside just 6 % of their net (after - tax) income.

Financial planners and Wall Street have joined together over the years to promote rules of thumb and products such as target date funds that have produced mediocre...

Since you're the QB of your financial life, consider these rules of thumb for 4 common goals: budgeting, saving for college, saving for retirement, and buying a house.

A thumb rule of financial planning is to know the time horizon for your financial goals.

Choosing an asset allocation can be as simple as using a rule of thumb (and hope it works for you) or it could involve an indepth analysis of your financial goals and risk tolerance (ie risk management).

As a general rule of thumb, most financial professionals advise taking out life insurance coverage equal to five to 10 times your annual salary.

You can't just memorize a few rules of thumb and move on with your life (well, I guess you could, but I wouldn't expect much financial success or security).

This can provide educated, mathematical answers to financial questions that are personalized, rather than a rule of thumb.

Rule o» Thumb: When the cover of a major financial magazine features a cartoon of a bull leaping through the air on a pogo stick, it's probably about time to cash in the chips.

Jim Otar, a certified financial planner and founder of RetirementOptimizer.com, has an easy rule of thumb you can use to find out.

One popular rule of thumb comes from Elizabeth Warren who knows a thing or two about balancing the household books; she's a bankruptcy expert and the Harvard Law School professor who led the creation of the U.S. Consumer Financial Protection Bureau.

I personally subscribe to this approach, which is to combine all my cash with the rest of my investment portfolio and use the «age» formula, which is a popular rule of thumb amongst financial planners.

Rudimentary retirement rules of thumb are prevalent in a financial industry that prefers to spend more time focused on stock picking than retirement planning.

There are large professional literatures on retirement income, in particular on withdrawal rules of thumb by financial planners and on life income annuities by economists.

As a financial adviser, you can not base your recommendations on a rule of thumb.

Many financial experts recommend having coverage worth 5 to 10 times your annual salary, but we've never been fond of «rules of thumb.»

As a general rule of thumb many financial advisors recommend 7 to 10 times your annual income in life insurance coverage.

A good rule of thumb is to choose liability coverages and deductibles that take into account your personal financial situation, the type of car you drive and how much risk you are comfortable with.

As a general rule of thumb, most financial professionals advise taking out life insurance coverage equal to five to 10 times your annual salary.

Rule of Thumb Many financial advisors recommend having a minimum of at least seven (7x) to ten times (10x) your annual salary in total life insurance.

Although there are «rules of thumb» such as your life insurance should be 10 times or 20 times or some other multiple of your annual income, the best approach is to consider your own personal needs so that your survivors have adequate life insurance proceeds to meet their financial needs in the event of your death.

As a rule of thumb, if a client can no longer get medically underwritten for new insurance coverage but still has a financial need for the death benefit provided by his or her company's plan, then we often advise conversion regardless of price, since it will be unlikely that they can obtain coverage elsewhere,» he adds.

As a general rule of thumb, you want to choose a company that has at least an «A» (Excellent) financial strength rating with A.M. Best (the benchmark in insurance rating companies).

Another approach I hear often in regards to figuring out how much life insurance you need is this: «As a rule of thumb, most financial planners recommend 7 - 10 times your annual income.»