Working Smart: Financial Security with 4 Simple Steps

Summary

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I worry that I could lose my job because of mergers, buyouts and the growing trend to downsize. It would be hard to get another job that pays as much, and I have major expenses. And I worry about retirement. How can I plan for both? - Harold T.

Today, personal credit and bankruptcies are at an all-time high, and they're still growing. We all have to do a better job saving for that rainy day and protecting our financial equity. These four steps should put you in the right direction. At least one is drastic - but necessary.

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Working Smart: Financial Security with 4 Simple Steps

Save 10 to 20 percent of your salary. You should save at least 10 percent of your salary each year for retirement alone.

If you're 30 and make $50,000 yearly, and that $5,000 grows at 7 percent for t...

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