2. MID-LEVEL RESEARCHER AT A SMALL BIOTECH

Related Articles Minding your $ and ¢ 1. FIRST-YEAR POSTDOC AT A LARGE UNIVERSITY 3. DIRECTOR OF TOXICOLOGY AT A LARGE PHARMACEUTICAL COMPANY 4. RESEARCHER AT THE US FOOD AND DRUG ADMINISTRATION 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 wit

Bob Grant
Feb 1, 2008

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...