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How much money do you think you need in the bank....
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MrsR
My love.
Member since 5/05 6247 total posts
Name:
Jennifer
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How much money do you think you need in the bank....
When you retire? Do you have a goal set?
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Posted 8/25/05 2:27 PM  |
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AJsMommy122
Stop 2 smell the roses
Member since 5/05 2048 total posts
Name:
Maxine
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Re: How much money do you think you need in the bank....
Never enough the way I like to spend 
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| Posted 8/25/05 2:29 PM |
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Woodsy
LIF Infant
Member since 6/05 241 total posts
Name:
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Re: How much money do you think you need in the bank....
A lot.
With life expectancies and expenses what they are today (and projected to be down the road), I think you need around at least a million dollars saved for a couple to retire at 65. This is why everyone should start maxing out their 401k as soon as they can. Also, I highly doubt that SS will be available for us....
Message edited 1/15/2008 12:02:51 AM.
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| Posted 8/25/05 2:39 PM |
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monkeybride
My Everything
Member since 5/05 20541 total posts
Name:
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Re: How much money do you think you need in the bank....
I know we need at least 1 million if not more.
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| Posted 8/25/05 2:51 PM |
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Baboots
I miss you grandma
Member since 8/05 1437 total posts
Name:
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Re: How much money do you think you need in the bank....
Posted by Woodsy
A lot. My DH is a financial adviser and often he must tell his clients who are thinking about retiring within the year that they can't because they haven't saved enough.
With life expectancies and expenses what they are today (and projected to be down the road), I think you need around at least a million dollars saved for a couple to retire at 65. This is why everyone should start maxing out their 401k as soon as they can. Also, I highly doubt that SS will be available for us....
Yikes. I also heard about SS not being available for us when we retire. What are they going to do with all the money we've been contributing for all these years? I doubt they're going to give it back to us. That's just not fair. The U.S. system for this stuff and medical insurance $ucks  
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| Posted 8/25/05 3:45 PM |
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stepherg
LIF Toddler
Member since 5/05 444 total posts
Name:
Stephanie
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Re: How much money do you think you need in the bank....
Posted by Baboots
Posted by Woodsy
A lot. My DH is a financial adviser and often he must tell his clients who are thinking about retiring within the year that they can't because they haven't saved enough.
With life expectancies and expenses what they are today (and projected to be down the road), I think you need around at least a million dollars saved for a couple to retire at 65. This is why everyone should start maxing out their 401k as soon as they can. Also, I highly doubt that SS will be available for us....
Yikes. I also heard about SS not being available for us when we retire. What are they going to do with all the money we've been contributing for all these years? I doubt they're going to give it back to us. That's just not fair. The U.S. system for this stuff and medical insurance $ucks
The $$ is going to people on SS now...they are not saving it up and not giving it to us..there just won't be enough for us by the time we get there. Yet again poor management of our $$ by the government!
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| Posted 8/25/05 7:18 PM |
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