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Reply to "How much do people have saved for retirement?"
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[quote=Anonymous]I assume you each have no person, that SS will be your only income? I’d track spending in a spreadsheet for a few months - see what your actual monthly expenses are now. Compare that net income (take home) to what your anticipated retirement monthly income will be. If there is a gap, have to figure out how you will get income to cover the difference. If you’re running a surplus, that’s good. Also remember that your net income now is after you’ve made retirement account contributions. If going to stop that, won’t have that monthly cost anymore. I found just tracking and comparing living expenses to expected net income each month made things clear to me. [/quote]
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