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If you are looking to retire comfortably within the next 20 years or so, you need to start saving about $2000 per month. This will give you the leverage needed for retirement.

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14y ago

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How much should I save for retirement according to Dave Ramsey's recommendations?

Dave Ramsey recommends saving 15 of your income for retirement.


Can you get fixed monthly income by investing in mutual fund units?

Yes, there are opportunities to derive a fixed monthly income from a mutual fund investment. These funds are generally built with a variety of securities that can vary from a small exposure to stocks (equity), a small position in cash, and the largest portion of the fund's portfolio holding fixed income or bond investments. In many instances there is a restriction on how much of a monthly payout the investor may receive. It is usually no more that 8 percent of the shareholder's assets in a high interest rate environment to a maximum payout of 5 percent in low interest rate environments. These funds can go by a variety of names including replacement income funds. They are essentially asset allocation funds that pay the investor in monthly payments, adjusting the allocation of assets in the fund to align with the desired monthly income.


How much down and what are your monthly payments ?

How much down and what are your monthly payments


Should you make weekly or monthly payments to your loan?

It depends on how often you get payed and how much you owe.


How do you find out how much tronox retirement you have with kerr mcgee?

To find out how much Tronox retirement you have with Kerr-McGee, you should first contact the HR or benefits department of Tronox or the retirement plan administrator directly. You may also access any online portals provided by the company for retirees, which often include account details and retirement balances. Additionally, reviewing any past statements or documentation related to your retirement plan can provide insight into your benefits.

Related Questions

How much money should I have in my retirement investment?

The amount you will need in retirement depends on your goals and needs in retirement. Whether you want to retire, how much your monthly expenses are, whether you want to leave something for your grandchildren- All these are factor you must consider.


What are retirement calculators used for?

A retirement calculator is used to calculate how much money you will receive monthly as a payment, show's how much your home is worth, and also helps you establish if your ready for retirement.


How much do I need in my retirement funds to be ok?

That is a question best asked of your financial advisor. Standards of living and the world and national economies' instability make it impossible to be assured of being "okay", no matter how much your retirement funds have.


What kind of monthly money that you can recieved when you are on disability retirement?

It will depend on how much you worked. Retirement disability benefits are based on how much you worked and how much money you made over time.


401K Retirement Funds Can Help Dramatically?

401k retirement funds are one of the best ways to get the money you need for retirement. This is an investment account that is directly related to your income. You can determine a specific amount of your paycheck to go into your retirement account each and every week. While there is a maximum percentage, it comes out before taxes, allowing you to take advantage of a few tax perks as well.When you are looking at your 401k retirement funds, you can often choose the investments within your fund. This will allow you to choose stocks and money markets that are either very safe or very aggressive. Depending on how much time you have to get your account to where you want it to be, you will need to determine which funds to go after.If you have the time, aggressive funds can be the way to go. This will give you the opportunity to make more on your money. However, if you go too aggressive, you also run the risk of losing it all due to poor investment choices. One of the best things you can do is to talk to a financial planner to guide you with your choices.Financial planners can take a look at your account and determine where you need to be. You may be able to fund your entire retirement plan through 401k, but only if you know where to invest and how much to invest. What your employer offers can have an impact.401k Retirement Funds & Your EmployerThe 401k retirement funds will have a lot to do with what your employer does. Your employer is going to match some of your contribution. Some employers will match 4% and some will match much higher. To get the most out of your 401k, you should be contributing at least up to the point that they will match.The employer contribution to your 401k retirement funds are free money. There is no other retirement fund out there that will provide you with free investment money like a 401k account will, which is why you should enroll when given the choice.


Do I have to pay taxes on my retirement?

Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income. Yes, you have to pay taxes on your retirement at a rate determined by your retirement income, which should be much lower than your working income.


How much money should I have saved before considering retirement?

How much you should save for retirement depends on a lot of factors such as how much income do you want in retirement and will you have other sources of income in retirement such as pensions or part-time employment. Tax considerations and planned charitable giving should also be considerations. A number of finance websites offer retirement planning calculators. Yahoo offers this "How Much Will I Need To Save For Retirement?" calculator (can be found at http://finance.yahoo.com/calculator/retirement/ret02) which may be a good starting point.


Retirement Income?

Retirement Income Use this calculator to determine how much monthly income your retirement savings may provide you in your retirement. Your annual savings, expected rate of return and your current age all have an impact on your retirement's monthly income. View the full report to see a year-by-year break down of your retirement savings.


What exactly is a retirement calculator?

A retirement calculator is a calculator that calculates your retirement investments, funds, and lots more. It's a great resource to go to for all of your retiremt needs, as long as it involves calculating and math!


How much you should earn after retirement?

depends on how much you make and how long you worked


Retirement Nestegg Calculator?

Retirement Nestegg Calculator Do you know how much it takes to create a secure retirement? Use this calculator to help determine what size your retirement nestegg should be.


Maximize Retirement Contributions?

If you want to avoid taxes as much as possible, then maximizing the contributions you make to a retirement account is essential. The greater your contributions are to a retirement account, the more you are able to avoid taxing your hard earned income. Of course, the only caveat is that you will not be able to immediately access any funds that are put into a retirement account. You will not be able to access the funds until the age of 59. However, you may be able to take out the first $10,000 of a retirement account and put it toward a new home purchase.