Save 15% of Your Income - Deepstash

Save 15% of Your Income

Although there's no correct answer here, most financial planners say that, depending on your age, you should save at least 15% of your annual gross income if you're aiming for a nest egg for retirement.

4

25 reads

CURATED FROM

IDEAS CURATED BY

I hope everyone can manage their money wisely

The idea is part of this collection:

Getting started with Cryptocurrency

Learn more about career with this collection

Understanding the basics of cryptocurrency

How to store cryptocurrency securely

Risks and benefits of investing in cryptocurrency

Related collections

Similar ideas to Save 15% of Your Income

Paying for retirement

  • Try to save at least 15% of your paycheck for retirement.
  • If you're able to save more, open a Roth IRA. You'll pay taxes on your contributions now, but your earnings will accumulate tax-free.
  • Even if you haven't saved anything for your retirement, there's still time to bui...

Financial Planning: 40s

Financial Planning: 40s

  • Save a total of three times your annual salary in your retirement funds, or at least 15% of gross income,
  • Establish college funds for children (if applicable),
  • Increase your investing expertise & diversify your investment portfolio assets,
  • Improve your job skills and ...

Saving up For Retirement, Together

  • Firstly, save up for the emergency fund, which is three to six months of expenses, and set it aside. After that, least 15% of your combined gross household income should go towards your retirement, once all debt is cleared.
  • If only one of the partner works, you still can save up for...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates