Economic Status: This 34-year-old woman has been at her company for five years, makes $90,000 a year, and has saved $40,000 in a 401(k). Her husband makes $60,000 a year and has saved about $20,000 in his 401(k). They have one four-year-old child and are planning to have another within a year.
Financial Considerations: Being prepared for high turnover at biotechs, planning for retirement, saving for college, on a comfortable joint income.
Goals: Focus on retirement: Hal Schweiger, a financial planner with Capital Financial Advisers in San Diego, says that the couple can retire in 30 years with about $5.6 million if they both maximize contributions to their 401(k) plans. To buffer against the inherent uncertainty of working...
Interested in reading more?
Become a Member of
Receive full access to digital editions of The Scientist, as well as TS Digest, feature stories, more than 35 years of archives, and much more!
