1. FIRST-YEAR POSTDOC AT A LARGE UNIVERSITY

Related Articles Minding your $ and ¢ 2. MID-LEVEL RESEARCHER AT A SMALL BIOTECH 3. DIRECTOR OF TOXICOLOGY AT A LARGE PHARMACEUTICAL COMPANY 4. RESEARCHER AT THE US FOOD AND DRUG ADMINISTRATION Economic Status: This 29-year-old postdoc has saved only $2,000 in a checking account and makes about $37,000 a year from his National institutes of Health postdoctoral fellowship. He also carries tens of thousands of dollars in debt for undergraduate school loans. Financia

Bob Grant
Feb 1, 2008

Economic Status: This 29-year-old postdoc has saved only $2,000 in a checking account and makes about $37,000 a year from his National institutes of Health postdoctoral fellowship. He also carries tens of thousands of dollars in debt for undergraduate school loans.

Financial Considerations: Starting a family, thinking about buying a home, planning for retirement, paying off school loans, on a very tight budget.

Goals: Secure health coverage and maintain a balance of at least $3,700 in the checking account after monthly bills are paid, says Kenneth Robinson, the head of his own financial planning company in Cleveland. "And then, I would like to see a fund for true emergencies of $7,000," he adds. Once these savings goals are...