Reply to Quick poll about saving for retirement

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] Currently it is about 31%, 20% is from income of $65k, 11% is from $25K.  Been saving for 15 years, started at about 15%.  Only about 3k in cash savings.  
[/quote]
It's not 31%, it's 17.5% of your income.  Although, that is still good.  More importantly what are the balances in your accounts right now?  [/quote]

That does put it in a different light.  I knew it wasn't really 31% because of the different income levels but had never figured out the true amount.  Guess the harsh light of reality.....

It is about 175,000 in retirement. That doesn't seem like much.

My time on DCUM has defleated my economic self-worth.  I now realize I am much poorer than I thought I was.
[/quote]

Don't be dejected. 90K outside of DC and big metro is a huge amount of money.

It is doable to save for retirement etc.,  but first track every single penny you make and spend everyday for 2 months.

Then find out how you can cut costs.

Are you subscribing to tons of magazines? Starbuck? Expensive lawn service? Do you not pack your lunch? Expensive cable, wifi, phone etc? Library fines? Gym membership?
Trust me, you can cut costs and still live a great life.  You just need to know where these costs are.

Once you have the cash, there are tons of resources to tell you where you should put that money.

At any age - make sure you put enough in your 401K so you can get the full matching contribution of your employer.[/quote]

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