Just on my way back home, on a taxi... I heard this financial consultant talking about retirement and savings...
she said.... people have never properly thought about their retirement and never figured out how much they need when they retire... and that's her tips on retirement funds...
If you are 26... the percentage of savings (which would be your retirement funds).. would be half of your age... then take the percentage as your goal... i.e. 13% of the income should be used as retirement funds... And if you are 40, then you should save 20% of the income as retirement funds...
But the retirement funds should be invested on something instead of putting it in the bank....
Umm.... I better save up more then...
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