Consumers should aim to save 15% of their income in a 401(k) plan, according to Dan Houston, President, Chairman and CEO of Principal Financial (PFG) .
"15% of your income today [should be] deferred for long-term retirement needs," Houston said, adding that raising 401(k) contributions lower one's annual tax bill. Money added to a 401(k) is pre-tax.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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