Really?? I’m saving too much for retirement?
A conventional rule of thumb says you may need to save 80% of your income to live comfortably in retirement. For most, this is a good place to start. For some, it may be too much.
Be an Elephant with your defined benefit plan – don’t forget!
2013 was a great year for defined benefit (DB) plans. A recent report by Mercer said that pension plans of the S&P 1500 companies are now 95% funded, up from 74% a year ago. Fueled by record high stock market levels, strong contributions by plan sponsors and modest increases in interest…