How to Calibrate Your Target Savings Rate
Savings rate rules of thumb are better than nothing, but smart investors customize their own savings targets.
Christine Benz is Morningstar's director of personal finance and retirement planning and author of 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances and the Morningstar Guide to Mutual Funds: 5-Star Strategies for Success. Follow Christine on Twitter: @christine_benz.