How Much to Save
July 23, 2014
If you are not saving at least 10% for your retirement, you may not be saving enough. If you are looking towards retirement, women should be saving at least 12% and men should be saving 10% towards retirement. This is because we as women tend to live longer than men, make less than men and it costs more as women to live. Look to see how much you are saving for your retirement. You do need to figure out how much you have saved up and how much income you need and how many years you have left to save.
This 10% for men and 12% for women based off of net income is just a guideline. It also depends on how much you have saved up so far for your retirement, how old you are and at what age you want to retire as well as how much risk you can handle with your investments.