Financial Rules of Thumb

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4 Responses

  1. Jonathan says:

    Not so much a rule of thumb, just a good stat to keep in mind, Social Security will only replace 40% of average wage earners wages.
    https://www.ssa.gov/planners/retire/r&m6.html#h0

  2. Kate says:

    I never heard of the Rule of 72 or 4%. Guess I learned something. πŸ˜‰

  3. Steveark says:

    Those sounds spendy to me! My college degree ratio was 0.25, my mortgage ratio was 0.15, minimum year and a half emergency fund, my β€œnew” cars start out already 10 years old, 2% rule for me if I ever do start withdrawing from my portfolio, we averaged about 25-35% savings rate before retirement, but can’t argue the rule of 72. I agree those are reasonable rules of thumb, I just got a better deal or went a little more hardcore in most cases. And college used to be very cheap.

    • Chris says:

      Haha, you certainly did well, and from what I know of you, you are the exception – not the rule. You are right about college though. Costs have ballooned over the last 10-15 years or so. Thanks for commenting. πŸ˜€

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