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Reply to "Salary increases, lifestyle creep, and retirement balance"
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[quote=Anonymous][quote=Anonymous]Those salary multiplier metrics for retirement are not a good gauge. You should be forecasting based on yearly retirement expenses. You'll likely spend less than 200k/yr in retirement.[/quote] Yeah if your salary doubles (ex you leave the Hill and become a lobbyist) your retirement needs don't automatically double - it all depends on your lifestyle. It sounds like you are doing fine. Are you also saving for college? [/quote]
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