JPMorgan Asset Management's 2015 Guide to Retirement has a handy retirement savings checkpoint guide to help you with that one. To get a crude idea of how much you should have saved, find the age nearest to your age and then go across to the column with the salary nearest to your current salary. Then multiply the number you land on by that salary. For example, this guide suggests that if you're 35 years old and earn $100,000 a year, you should have saved $140,000 by now. Among other things, this assumes you continue to contribute 5% of your salary annually, you retire at age 65, and you die at age 95. (See box for other assumptions.). But if you stick to this plan, you are likely to retire comfortably.
The debt swap has been made possible by a contribution of approximately US$11.2 million from the U.S. government under the Tropical Forest Conservation Act, and approximately US$560,000 by Conservation International, in part through a donation from the Arcus Foundation.
In an interest rate swap, each counterparty agrees to pay either a fixed or floating rate denominated in a particular currency to the other counterparty. The fixed or floating rate is multiplied by a notional principal amount (say, $1 million) and an accrual factor given by the appropriate day count convention.n interest rate swap (IRS) is a liquid financial derivative instrument in which two parties agree to exchange interest rate cash flows, based on a specified notional amount from a fixed rate to a floating rate (or vice versa) or from one floating rate to another.