Use this calculator to find out.

1. How Much Income Do I Need?

You can use this calculator as a guide to determine what the mortgage companies will allow you to borrow and how much will you save on taxes. There are a lot of factors, of course, which will ultimately determine what your bank or mortgage company will allow you to borrow, but gross income and current debt payments are the most heavily weighted qualifiers.

2. The Most Common Mistakes People Make in Their Financial Planning

• Failure to set goals
• Failure to aggressively eliminate debt
• Failure to match investments with personal needs
• Failure to allow for inflation and taxes
• Failure to have realistic expectations
• Failure to set appropriate levels of risk
• Failure to diversify adequately
• Failure to seek competent, objective counsel
• Failure to begin

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You've invested a lifetime into your work, and when you retire you deserve to enjoy the fruits of your labor. But if your like 75% of Americans born after 1945, your going to have to retire on your own, without a pension or confidence that Social Security will contribute to the retirement you've earned. Unfortunatly, many people won't realize how ill-prepared they are for retirement until it's too late. Read more>>>