Question for the Money Doctors

Question submitted on Feb 10, 2012.

Question

how much money should i save each month out of my social security which is 1800

Answer

In order to answer that question, it would be necessary to review with you your financial goals and needs, your current resources, your other income and many other factors such as your risk comfort level, etc. Basically, to answer that question requires detailed financial planning. I suggest that you discus this with a financial planner.

You may locate a CPA/PFS at:

http://apps.aicpa.org/credentialsrefweb/PFSCredentialSearchPage.aspx

For additional information visit http://www.360financialliteracy.org/