The Richest Man in Babylon
In good times and bad, consistently saving a percentage of your income is a sound financial practice.
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You face a risk for which the market does not compensate you, that can not be easily reduced through diversification.
During the COVID-19 pandemic, millions of people have learned to do more with less. Whether you’ve had to bounce back from job loss or spent weeks bouncing off the walls in quarantine, the pandemic experience included valuable lessons about saving money — and better using our savings to protect ourselves and our loved ones. As we approach a post-pandemic reality, these lessons can continue to have a positive impact on our lives and finances.
Estimate how long your retirement savings may last using various monthly cash flow rates.