IRA Rules

Posts Tagged ‘irs’

Question: How much money should I have already saved at 28 years old?

What is the general rule of thumb? How much should I have saved in 401(k), Roth IRA, emergency funds, towards a down payment of a house, etc.

Answer: You should be bringing home at least your age. (take home pay)
And you should have one years salary (take home) in a savings account.
1/2 in a 401K – half in a savings for emergencies – car for cash – or down payment on house – wedding – honeymoon – etc.
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Inheriting an IRA or 401(k)

Tax Tips: Record Keeping – November 2009

The Balancing Act Show 1103 – Homewatch International