Congratulations to Dave Griefenhagen on becoming our new Business Manager. Good Luck on your new adventure!
Work is still a little slow here. We are hoping things pick up soon.
If you think about your retirement, like I do, and get all confused, wondering how much you should have, where to start?
This was sent to me by brother Tom "Roundy" Welters.
How big should your nest egg be?
The answer is highly personal, and specific dollar amounts can be arbitrary, but according to retirement-plan provider
Fidelity Investments, a good rule of thumb is to have 10 Times your final salary in savings if you want to retire by age 67.
Fidelity also suggests a timeline to use in order to get that magic number:
* By 30: Have the equivalent of your salary saved
* By 40: Have 3 times your salary saved
* By 50: Have 6 times your salary saved
* By 60: Have 8 times your salary saved
* By 67: Have 10 times your salary saved
I was scrolling around on the internet, and every other click of the mouse would tell me something different.
If you haven't started investing in your 401k plan, you better get going!! You should have a Roth IRA, and maybe consider a
financial advisor as well, unless you are really good at understanding all the information
that they send you.
Your Local representatives can be reached at
Dan Gilbert - firstname.lastname@example.org
Dave Griefenhagen - email@example.com
Terri Stave - firstname.lastname@example.org
Lesley Ronsen - email@example.com
Remember to be a brother/sister/mentor to your brothers and sisters!!! We are all in this together! Please be safe out there
and follow your companies safety policies. We want you to go home every night to your families and friends.
In solidarity, Your sister,