It is hard to apply a rule of thumb toward savings, because it varies with age and income level. Ten percent is a good start. If that amount is too high for you, don't let that deter you. You can start by putting a little money aside each month and slowly increasing it. It is important to start planning for the future as soon as you can.
Time passes quickly it is never too soon to start planning for tomorrow.
Evaluating your insurance needs is part of personal financial planning. The insurance industry has changed a great deal over the past few years and there is a wide array of new products. Some of them may be better options than your current coverage. Your CPA can work with your insurance agent to see if you have adequate coverage. Everyone needs a will.