Many Americans realize the importance of saving for retirement, but knowing exactly how much they need to save is another issue altogether. With all the information available about retirement, it is sometimes difficult to decipher what is appropriate for your specific situation.
One rule of thumb is that retirees will need approximately 80 percent of their pre-retirement salaries to maintain their lifestyles in retirement. However, depending on your own situation and the type of retirement you hope to have, that number may be higher or lower.
Here are some factors to consider when determining a retirement savings goal.
Your source of information for where to go and what to do each weekend in the Greater Memphis area.
Mid-South Jewelry and Accessories Fair
10am | Memphis Cook Convention Center
* Memphis Flea Market “The Big One”
9am | Agricenter International
Marc Gasol couldn’t believe both defenders stayed with him when he set a pick at the foul line on the final play.
Courtney Lee couldn't believe he was wide open under the basket for a reverse layup as the horn sounded.
NASHVILLE — Education Department Commissioner Kevin Huffman saidThursday that the scrutiny he received during his nearly four turbulent years at the helm of the state's schools didn't influence his decision to leave for the private sector.
Huffman, whose departure was announced by Gov. Bill Haslam, has been a lightning rod whose policies and strong advocacy for Common Core standards made him a target for conservatives and teachers' groups.
NEW ORLEANS — Ruby Bridges was 6 years old in 1960 when she became the first black student to attend a previously all-white elementary school in New Orleans, one of the iconic moments in the U.S. civil rights movement. Today, the civil rights pioneer says America looks a lot like it did then: A nation with segregated schools and racial tension.
On Friday — 54 years later to the day when she first walked up the steps to William Frantz Elementary School — she commemorates that event with the unveiling of a statue in her likeness at her old school. Also, she is reuniting with the white teacher who taught her and with the sole-surviving U.S. marshal who walked her to school.
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