What Does the Four Percent Rule Mean for You?

News from the web:

According to the 2011 Retirement Confidence Survey conducted by the Employee Benefit Research Institute, only 24 percent of respondents say they’re veryconfident that they’ll have enough money for a comfortable retirement; 17 percent say they’re not at all confident. On top of that, more than half of workers say they have less than $25,000 in total savings.

These are disturbing statistics that suggest a definite need for guidance in calculating retirement saving and spending—as well as some real counseling in how to save more. So you’re smart to be giving this serious thought now while you still have many work years ahead. Here are some things to consider.

Read the whole story HERE

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