Not exact matches
The Wall Street Journal Financial Guidebook for New Parents shows you the way, with
information on how to: safeguard your child's well - being with wills, trusts, and life insurance; best weigh your child - care options and decide whether to go back to work; save
on taxes with child - friendly tax credits and deductions plus tax - advantaged benefits at work; manage your family's health - care costs; save for long - term costs by setting up a college fund; spend smart and save money at every stage of your child's development; continue to contribute to your own
retirement savings
Once you've got a handle
on income and expenses, plug this
information, as well as details like your nest egg's value and how your
savings are invested, into a good
retirement income calculator.
Go to a
retirement income calculator that uses Monte Carl0 analysis to make projections, plug in such
information as your age, salary,
savings rate, the amount, if any, you already have stashed in
retirement accounts, the stocks - bonds mix you arrived at in step 2, the age at which you intend to retire, the percentage of pre-
retirement income you'll require in
retirement (80 % or so is a decent estimate) and how many years you expect to live in
retirement (I suggest to age 95 to be
on the conservative side)... and voila!
Fixing the Drain
on Retirement Savings, published by the Center for American Progress (CAP), advocates that «all
retirement funds should have a clear, understandable label that provides consumers with relevant, concise, and accessible
information about fees.»
For
information on how the high - yield financial products available from UFB Direct, including UFB Premium
Savings and UFB Money Market, can help you to save for your
retirement, please contact us by telephone at 1-877-472-9200 or by email at
[email protected].
At large employers, your benefits packet is loaded with
information on health insurance, dental insurance, vision insurance, disability insurance, life insurance, wellness programs, stock purchase plans, flexible spending accounts, health
savings accounts, time off and leave policies, and company
retirement plans.
Once you have a decent idea of what your post-career spending will be, plug that figure along with your age, how many years you expect to spend in
retirement and
information about your income sources (Social Security, pensions, work income, if any) and details
on how your
savings are invested into a good
retirement income calculator.