Jukebox_out-of-Order! asked:


This table says one should have 0.9 of your income by age 35 in retirement savings. That means if you earn 40,000 dollars you should have something like 39,000 in retirement accounts.

http://www.bankrate.com/brm/news/retirement/20071003_personal_finance_ratios_a2.asp

Does that mean the actual value of your retirement accounts should be 39,000 (which is dictated by the stock market being up or down), or is it the amount of money you put away?

BOWLING

Dragonfly13 asked:


A friend of mine, his dad is one year away from retiring and he just recieved news that his position will be cut at the beginning of January 2009 - EXACTLY a year before he can start recieving retirement. He has been with the company for 15 years, makes a pretty decent amount of money and has seniority over a great deal of people (its a very large employer)

Is there anything that he can do to fight this? Absolutely ANYTHING?

Thank you.

SAGER