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Reply to "So how do you know if you're "on track" with retirement savings?"
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[quote=Anonymous]Wow, I'd say 600k in retirement savings is pretty darn good, and totally on track, if you also have 300 in non-residential real estate equity, a home w no mortgage that's worth 900k, a 529, and a military pension. Think of it like this, gettinng that mil pension of 60k/year starting in a couple of years is the equivalent of having $1.2 million in retirement savings. So the "real" amount you have saved in retirement accounts is more like $1.8 million in today's dollars-- it is just structured differently than for those w no pension. If you also have social security and can liquidate some of your real estate assets-- sell investment properties and downsize-- seem like you should be in fine shape 25 years from now, even if you stopped saving today. [/quote]
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