National Retirement Security Week: Tip of the day
October 22, 2015
As part of National Retirement Security Week, Human Resources is providing a tip each day to help faculty and staff increase their knowledge about retirement planning and take advantage of the services available to them through Purdue's retirement partner, Fidelity.
Today's tip: It's time for a savings and spending checkup. Fidelity has created a comparison tool to help you see how what you actually save and spend compared with the 50/15/5 guidelines. (Fifty percent or less of your income should be to essential expenses, 15 percent should go to retirement savings and 5 percent should be earmarked for short-term savings.)