Quote:
Originally Posted by Gerald
Bruce, I would say that a married guy with children should save at least 6 % of their goss income. Single guy should save 12 %.
Expences that really slow down the retirement savings [House, Vehicle, boat, etc.] should really be well though out. IMO.....most people spend way too much on these major purchase.
Something to think about: What did you spend money on in the past week [or month] that you could have just as easily put that money into savings? An not miss what you spent the money on?
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Good info Mr Gerald.... I try to stuff what money I can away.... If you pay yourself 1st you cant lose.... I was taught that at a young age...... Before you pay anything pay yourself 1st.... I should be able to retire (If all go right) @ 55 and pick up SS (maybe) @62 and live good!!! But this all can change tomorrow!!!