i earn 1000 dollars a month .how much should i save for retirement .?
what is the least earning one should have in the usa to live comfortably that is pay for baording lodging ,food ,gas .clothes abd some entertainment
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- Experts say that 10 to 15 percent. The older you are, the higher the percent. Whom you invest with is another variable to consider. A well diversified portfolio, is the lowest risk, but higher risk often yields higher profit.
- bankrate.com retirement calculator. And Just work out the math from there. keep in mind inflation is on average around 2-3%. So, invest in a mutual fund to stay ahead of the game.
- A good rule of thumb is that one should save half his age, as percentage of his earnings, trough out his working life. This includes any percentage paid by your employer. Eg. if you start saving at age 25, you should save 12.5% of your income. However, if your earnings are likely to remain small, it is not worth saving, as your small pension will reduce any benefits you get from the state. Seek advice about your state regulations from a CAB
- If you're only making $1,000 a month you really won't be able to invest much at all. Step 1. Buy "The Secret" book Step 2. Keep thinking about making more money each and every day. This will attract more income to you, which you can then use to invest. Jeff http://www.best-stock-trading-systems.com/internet_stock_investing.html
