Rules of thumb for retirement savings
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Thread created 10-08-2012 by Dr. J
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Yeah - hopefully you have more, but I guess it is a better start than most people have. I'd say that benchmark might be better at age 26-28 for today's generation who (for the most part) aren't...
Rules of thumb for retirement savings
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Thread created 10-08-2012 by Dr. J
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13 Replies
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Here are the guidelines you're looking for:
- By 35, save 1x gross annual salary
- By 40, save 2x gross annual salary
- By 45, save 3x gross annual salary
- By 50, save 4x gross annual...
Rules of thumb for retirement savings
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Thread created 10-08-2012 by Dr. J
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13 Replies
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I heard an interesting rule of thumb for retirement savings the other day on a financial network (FOXB, CNBC or something similar) - by age 35, you should have at least 1 years' salary holed away in...
Rules of thumb for retirement savings
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Thread created 10-08-2012 by Dr. J
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13 Replies
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Why like on $12k/year when you could live on $6k/year? You can hit retirement sooner and tap into that sweet $6k/year annual divestment you set up for yourself!
Rules of thumb for retirement savings
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Thread created 10-08-2012 by Dr. J
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13 Replies
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None of this is a rule of thumb.
Also, I just find it funny how you manage to live on 12k/year. In two days, my puppy chewed my wife's glasses and then had a vet appt that cost 300 dollars. ...
Rules of thumb for retirement savings
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Thread created 10-08-2012 by Dr. J
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Not going to disagree with the numbers, but wanted to point out the second guide assumes $10,000 starting balance and 7% return (for the 25 and older. Couldn't find the story for the 15 year old).
Rules of thumb for retirement savings
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Thread created 10-08-2012 by Dr. J
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13 Replies
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Assuming your expenses are below $12k/year, and you get a professional $60k job at 22, and start saving hardcore at a 75% savings rate after taxes, you could retire at age 35, living well on $12k...
Rules of thumb for retirement savings
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Thread created 10-08-2012 by Dr. J
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At my current rate I should have about 8 million in my 401k by retirement. I'm 26 now and should have a years salary in a few years, well before the 35 mark proposed.
I'm working to live, not...
Rules of thumb for retirement savings
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Thread created 10-08-2012 by Dr. J
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Im 29 and already have 3x salary. This is of course 401k + roth ira. I guess i'll be an 8 millionaire too by the time I retire.
These rule of thumb things are useless. They never make sense.
Rules of thumb for retirement savings
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Thread created 10-08-2012 by Dr. J
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13 Replies
2,475 Views
Moar Moar moar.
Rules of thumb for retirement savings
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Thread created 10-08-2012 by Dr. J
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13 Replies
2,475 Views
you should save 20 percent of your wages from 21 or your frst job untl you retire
Rules of thumb for retirement savings
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Thread created 10-08-2012 by Dr. J
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13 Replies
2,475 Views
LMAO. Brilliant.
So there you have it: passive income. Just go ahead and pass on working like it's the black plague and just relax while you earn kick ass returns on some random stocks in some...
Rules of thumb for retirement savings
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Thread created 10-08-2012 by Dr. J
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13 Replies
2,475 Views
Good goy, give your money to me today and i promise you will get twice as much tomorrow!
Rules of thumb for retirement savings
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Thread created 10-08-2012 by Dr. J
0 Score
13 Replies
2,475 Views
Quick math says if you've saved 10% of what you've earned starting at age 25, by 35 you'd have a year's worth assuming income stays the same and there's no growth on the savings.
Point: become a...
