Saving for retirement: How much is enough?
CBS MoneyWatch.com contributor Charlie Farrell offers up a simple ratio for gauging whether you’re saving enough for retirement: a capital-to-income ratio. At a 2-to-1 ratio, he argues, the power of compound interest can take you to a reasonable goal for a secure retirement. The formula comes from Farrell’s book, Your Money Ratios: 8 Simple Tools for [...] [...more]
