If you are one of the NFL players whose career lasted long enough to qualify for NFL pension benefits you will need to decide when to begin drawing your pension. Although the NFL retirement plan defines normal retirement age as 55 years old, many players begin drawing their pensions early.
The standard industry recommendation for mortgage payments is that no more than 28 percent of your gross income should go to your monthly payments. To calculate this, simply multiply your annual, gross income by .28 and divide by 12.
According to Number Crunchers Financial Services, payroll should not encompass more than one-third of most businessâs revenue. This is in line with Second Wind Consultantsâ recommendation that payroll should not exceed 15 to 30 percent of gross income. Exceptions include businesses in the service industry. In this case, payroll can make up at least 50 percent of your gross revenue.