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What else can I help you with?
What is the average personal debt per person?
The average personal debt per person in the US is around $52,000 per person. While this is high, the debt has fallen since the peak in 2008.
What was the average savings account yield from 2008 - 2011?
The Average savings account yield would be 3.5% per year from 2008 onwards. It was the same until 2010. In 2011 the Reserve Bank increased the savings account interest rate to 4%. This makes India the country that offers the highest interest rate on savings account.
What is the average rate of growth for a 401k invested in mutual funds?
The figure usually used for retirement planning is 6% return per year.
What was the average savings account interest in 2005?
The current savings interest rate in India is 4% per annum. It was only 3.5% in the year 2005. This is one of the highest interest rates in the world in terms of savings account interest rates. Developed countries like USA and Singapore offer interest rates of less than 1% per annum.
Average income of a person in India?
$370 usd per year
What is the average retirement income in the United States?
According to Ehow.com the average retirement income for retirees in the US is $29000 per year which is based on the retirement age of 65. I hope this helps answer your question.
What is the optimal average retirement income pot?
The Employee Benefit Research Institute determines that the average retirement income was around $200 per month. However, there are several factors which can affect this such as increasing retirement age and benefit cuts.
In 20 days a boy saved one dollar what was his average savings?
To find the average savings per day, divide the total amount saved by the number of days. In this case, the boy saved one dollar over 20 days. Therefore, his average savings is ( \frac{1 \text{ dollar}}{20 \text{ days}} = 0.05 ) dollars per day, or 5 cents.
What is the average personal debt per person?
The average personal debt per person in the US is around $52,000 per person. While this is high, the debt has fallen since the peak in 2008.
How much electricity does the average person use per month?
Define the average person. I use about 500 units per month on average through the year.
What was the average savings account yield from 2008 - 2011?
The Average savings account yield would be 3.5% per year from 2008 onwards. It was the same until 2010. In 2011 the Reserve Bank increased the savings account interest rate to 4%. This makes India the country that offers the highest interest rate on savings account.
What is the average number of airplane trips per year a person takes?
What is the average number of airplane trips per year a person takes?
What is the average interest rate for a Suncorp savings account?
Suncorp is a bank operating in Queensland, Australia. They have a number of savings account options, but their main savings account is the eOptions account, which currently earns 3.00% per annum.
What is the average office space per person in the US?
Berkley reports 150sf per person for office space average. GSA reports 230sf total rentable office space per person.
Can an average person eliminate 1 ounce of alcohol per hour?
No, the average person cannot eliminate 1 oz. of alcohol per hour from their system. The average person can eliminate 0.5 oz. of alcohol from their body per hour.
How much does average person spend per year on personal hygiene?
Although it varies greatly the average person spends $125 per year.
Retirement Planning Considerations?
To be financially responsible you must consider how you are going to support yourself during retirement. Since you won’t be working and will likely have large medical expenses in the future, properly planning for retirement is extremely important. When planning for retirement, many different considerations need to be made. The first consideration to be made is how much money you will need to retire. To figure this out, most financial advisors tell their clients to expect that they will need between 80% and 85% of their pre-retirement income to retire comfortably. This means, the average person who makes $100,000 per year will need $85,000 per year (adjusted for inflation) during retirement. Now that you know how much you need per year, you can better understand how much you need to have saved. Retirement planning experts suggest that you have 20 to 25 years worth of spending money saved at retirement. Assuming the person from above has no other means of income; they will need between $1.7 million and $2.125 million saved before they can retire. If the person from above receives social security or a pension, then they amount they need to save will be far less. For example, if they expect to earn $25,000 per year in retirement from a guaranteed source of income, they will only need to earn $60,000 per year from their personal investments. This reduces their required savings to $1.2 million to $1.5 million. While this number can seem staggering, you must keep in mind that you have your whole career to save for this amount. However, the earlier you start retirement planning, the better off you will be. To reach their retirement goals, most people should plan on investing between 10% and 15% of their gross income into a retirement account as soon as they start working. Assuming an individual earns a market average return of 7% and 8% per year for 35 to 40 years, they should have plenty of money saved for retirement.
