Elizabeth Ayoola

And I'm Elizabeth Ayala.

This episode, we're discussing whether you need 80% of your annual income in retirement.

Where did that rule come from anyway?

But...

First, our weekly money news roundup, where we break down the latest in the world of finance to help you be smarter with your money.

Our news colleague, Anahil Hoski, is back to talk about precious metals.

All right.

Thank you, Ana.

And I love that you guys touched on gold being a heirloom because I remember as a kid, my mom having stashes of gold and indeed selling them when money was short.

So now I know why she was doing that.

Up next, we answer a listener's question about how to estimate how much of your current income you might need in retirement.

But before we get into that, a reminder to send us your money questions.

Do you want to know if you should be buying gold or the smartest way to budget for your summer vacation?

Or are you in the market for a new credit card but not quite sure how to find the one that best fits your situation?

Whatever your money question is, we want you to send it to us by leaving us a voicemail or texting us on the Nerd Hotline at 901-730-6373.

That's 901-730-NERD.

You can also email us at podcast at nerdwallet.com.

This episode is sponsored by Rula.

For many of us, that answer includes taking care of our mental health.

You want to feel better, show up better, and also take care of yourself in a way that actually lasts.