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Insurance – The key to ensuring that you have enough money for when you are retired and can no longer work is to start saving today and then to not cash in your pension when you change jobs.
According to the Oxford dictionary, a ‘rule of thumb’ is defined as ‘a broadly accurate guide or principle, based on practice rather than theory.’ For many years, the retirement rule of thumb advised citizens to diligently save 15% of their earnings over a 35-year period in a growth portfolio; to generate an income sufficient to comfortably see them through their golden years.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?