Numbers for Financial Success
Posted on: January 2, 2018 by: Deshvidesh
| Numbers for Financial Success |
To achieve success in life, you must set your goal. This is also true for financial success.
Here, we are presenting expert-recommended financial targets that will help you
to achieve financial success what you are looking for. |
The Share of
Your Pretax
Monthly
Income that
Should Go
Toward
Housing Costs |
 |
| 28% to 38% |
|
Source: Carolyn Warren, Homebuyers Beware
|
|
The Maximum
Percentage
of Your
Retirement
Savings that
Should be
in Stocks
or Stock
Mutual Funds
120 – Your Age
Source:
Jim Holtzman,
financial planner,
Legend Financial Advisors |
| To Qualify for Home Mortgage |
Credit Score 740 and
10% down payment |
| Source: Carolyn Warren, Homebuyers Beware |
|
Minimum
Amount of Your
Pretax Income
to Save for
Retirement |
 |
| 20% |
Source: Sheryl Garrett, founder, Garrett Planning Network |
|
You should review your
retirement portfolio
at least once a year. |
Maximum Percentage
of Your Take-Home
Pay You Should
Owe to Credit-Card
Companies |
| 5% |
| Source: creditcards.com |
|
|
|
|
|
Minimum Amount of Life Insurance You Should Buy
|
| 10 times Your Gross Income |
Source: Thomas Henske,
partner at Lenox Advisors |
|
Categories: Financial Planning