Planning for Your Future: An Interesting Tool

We all are concerned with the current financial situation. Yet, how has it affected our retirement and our savings. We can easily calculate what we have lost, but how much must we save to make up the difference. Even more important we all must know what we need to save every year so that we can live what we deem to be a good life. Do you really know what you need to retire? If you do have you been tracking how you will get there?

I just saw this interesting New York Times tool that can help you see what you are on track to produce. It’s free and is a great illustration of how many years our current recession may have put you back. It also could be an interesting tool to help you start thinking about how much is enough and what you need to save to get there.