How Much Money Will I Need to Retire?
Cheapest Places to Retire - it is never too early to consider planning for retirement. Developing a strategy on how much income you should save towards retirement begins with outlining your own future goals and dreams. Setting your retirement savings target is essential to formulating a financial plan that will achieve the desired results that you want.
Public Comments
- ALOT!!!!!
- First buy a home - when after 25/30 years you have paid it off - you can qualify for a reverse mortgage. With a pension or SS - you can live very nicely - but no world travel or Armani suits.
- depends as to whether you want to retire in a cardboard box under the freeway or on a private island in the Caribbean: and the purchasing power of the $$$ in 30 years
- You have a good grasp. But how old you are, how long until retirement, how much taxes will eat your retirement, and how frugal you are needs to be figured in. So, buy a house you can afford, and pay it off before you are 50. Look at your retirement "stool". How many legs do you have? 401k, ROTH ira, pension, social security, other investments like rentals, or Mutual Funds, emergency funds, tec. These all make up what supports you in retirement. More so than retiring in VietNam or Tonga.
