Musings on Money, Personal Finance, Frugality, Debt, and Other Matters
I was just messing with the Fidelity myPlan retirement calculator, trying to understand how it works, and realized something interesting. Here is an hypothetical situation that I gave as input:
1. Age : 30
2. Annual income: $50,000
3. Savings thus far: $0
4. Contributions per month: $1500
5. Investment style: Balanced
According to the calculator, to retire at the […]
Sometimes I think that people have started worrying too much about retirement and are loosing their sleep and happiness over it. It is one thing to be thorough and far-sighted with regards to your financial planning for post-retirement years, but there is this other thing that is called an “overkill”. Answers.com defines the word […]
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