Want this question answered?
Level of Education
how much money do you need to opena boutique
how much money do i need to start a daycare?
you need about 100 dollars
Do the math: a grand/month for 25 years (300 months). Cheers !
level of education
Level of Education
You should put away at leasy 10% of everything you make. How much you will need will depend on when you retire.
level of education
People usually retire at age 65. However, you can retire at any age you wish. If you need money or love your job a lot, then you would probably retire around 70. If you have an illness that requires you to stay home or you are rich, you will probably retire around 55.
To survive in the real world, a person will need a decent amount of money. Just for the necessities, for one person, a person should understand that they will need several hundred dollars, minimum, a month.
IRA calculators help you determine which IRA is right for you. They can help you save money by putting money in the correct type of account based on the number of years you have to retire. It will help you plan how much you need to put in them monthly.
Unless there is a tax benefit that you want/need, you should retire a loan as soon as possible. I am assuming that there is no prepayment penalty, which may impact your decision. It is costing you money (in interest) while you have the loan.
Need point of origin to calculate.
If you speak to someone at you local bank they can help you determine how much money you will need to save for retirement. They can also help you set up an account to reach your savings goal.
for me, living pretty much from paycheck to paycheck with a wife and 4 kids. i would think you need enough to retire. first and formost. and then you will need to have enough to always help direct and sometimes indirect family members. and of course enough money to basically fullfill your wildest dreams. how you get there is a different story.
how much money do we need to go to Zaire