Now that I got a raise and promotion, my DH wants to set aside half my paycheck each month for retirement/savings. Is that the norm or should we do more/less? I would guess it is about 25% of our total income.
@Okiedokie:
25% of total income sounds like a pretty good number to me, but I guess it depends partly on where you are in life (kids at home, kids in college, no kids, close to retirement etc.). We have two kids at home and are saving about half of our total income right now. We were saving less than that about five years ago, but have taken raises/promotion increases to savings directly. Works for us. 4951