Sunday, September 11, 2011

The easiest way to save enough for retirement

“I think my wife and I have found the answer to having enough money at retirement,’’ a reader wrote.

The gentleman went on to write: “Experts say you need 70 percent of your working income in retirement. So I am quitting and letting my wife work. Now we need $35,000 less a year in retirement and our savings are now enough.’’
--Michelle Singletary, Boston Globe, on exploiting a retirement rule of thumb