that my friend is the great american debate. Average seems to be around at least 10% per year. Some do more, some do much much less.
I drive an older truck thats paid off. I put a "truck note" into my IRA every month. Plus contribute 15% into my 401k.
My buddy doesn't put but $50 a month in his IRA, has no 401k, but drives a new Ford King Ranch. I keep telling him our roles will be dramatically reversed come retirement time, yet he doesn't seem to care. Most people our age don't think long term like that. Its a instant gratification world now days.
Its really all up to you!
Last edited by cmdrost; 10-08-2009 at 10:12 AM.
|