Wednesday, July 5, 2006

Retirement Savings

My dad sent me an interesting quick read on retirement saving today from the Wall Street Journal (see article here). The short story of the article is that people should be saving about 15% of their salaries for retirement (including any contributions that your company may make to your account). This is quite a bit higher than the traditional 10% that used to be the conventional wisdom. Anyway ... if you are like me and are doing a bit of thinking about how much to put into your 401K and how much to save for a down payment for a house, this article is a good read.

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