rule of thumb

How much of your current salary will you need after you retire? Financial planners often say 75% is a good rule of thumb as a replacement ratio, but an economics professor recently put the number at 135%.

It's a humbling concept when you realize that you need about $1 million to generate just $40,000 a year of income (assuming you stick to a widely accepted rule of thumb that says you should limit your withdrawals to 4% of your savings during your first year in retirement).

The rule of thumb is correlation does not equal causation. If ice cream sales increase simultaneously with the crime rate, obviously one is not causing the other.

As the newly admitted recession continues, fingers are wagging toward one cause or another, democrats blaming republicans and vice versa.

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