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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]With your house paid off and your children grown and out on their own, I assume you can meet all your basic expenses (food, clothing, etc.) on the $60,000 a year pension. Anything in addition would be for extras (travel, helping out your kids, etc.). I'm assuming one or both of you will also get at least a couple of thousand dollars of social security a month on top of that. It sounds to me like you are in excellent shape![/quote]
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