“Mrs. Foster, you & your husband should save at least $5million for retirement…at least!”
[THUNK]
That’s my psychological (& literal) piggy bank passing out from that advice. Most all financial planners I met with last year suggested $5million be our retirement savings target (east coast).
What the SAM HECK do we need to save [...]
So it’s time to take ownership & aim big.
I remember once being fearless in the face of challenges and dreams — going after them was the fun rush of life. Then on the financial front - I learned how much it costs to retire, to retire with decent health care [...]
I meet with the administrator of our retirement plan tomorrow and look forward to nailing down:
what our monthly contributions should be to retire age 65 with 75% of current salary;
what our monthly contributions should be to retire age 65 with 100% of current salary (omg that seems nuts but heck why not know the number);
and [...]
happy quick tip:
Living in the moment - love it! Just be happy, enjoy life’s simplicity today; don’t fret ’bout 30 years from now.
Well these stats soberly say why retirement plans should be in focus now, front and center.
This stat really inspires present-day planning, as in Holy Smokes!
1% of retiring Americans have enough resources [...]
Over 50% of American retirees will be wholly dependent on their relatives & welfare subsidies per Richard Paul Evans.
Regarding one’s parents, what are effective ways to plan for this? Surely it’s a matter of good communications with one’s folks, education on potential needs like senior healthcare, and taking incremental steps to prepare (and [...]
