what is the reality of the average combined incomes?
This is for all those hard working people out there. I just read the article on yahoo on how to retire rich. If you look at the bottom of the page where they have the combined incomes ide like to know how many people really make that kind of money. im 40 the husband is 45 we both work basically full time and have no kids the house is paid for. there is no way in bleep bleep could we have afforded to put away the money they re talking about when we were younger. Our incomes combined are no where near what they say on that math table. One question is Where do they get those figuers from? i think the figueres are very unrealistic for the average canadian. The second question i have for the people who answer these questions here is how many people do you know make that kind of money compared to the amount of people you know that dont meet there combined income table.
Public Comments
- If your house is paid for, then you need to count the value of your house as part of your assets. Also, do you and your husband have pensions or 401Ks through your workplace? These assets should also count toward your retirement assets. Bottom line: you may have more than you realize. If not, then you need to start saving. You have 20 or 25 years to start building up assets, which is plenty of time. But you need to think carefully about what you are investing in.
- I don't know what article you refer to. My wife and I make a very good combined salary, have great pensions at work. Our problem is the desire to save for our kids education....can you point me towards the article you refer to in your question?
