Reported 4 months ago
Jean Chatzky, an American journalist and financial editor, argues against the conventional 15% retirement savings guideline, known as the 50/15/5 rule, suggesting it is unrealistic in today's economy with rising inflation. Chatzky emphasizes the possibility of making up for lower early savings by living more frugally in one's 40s and beyond, and even working a bit longer towards the end of one's career. Her approach differs from traditional retirement planning strategies and encourages a more adaptable and realistic approach to financial security in later years.
Source: YAHOO