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Reply to "Retirement Saving Benchmarks"
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[quote=Anonymous][quote=Anonymous]Great question. I just read an article that said at my income (300k) I should have 6.2 times my salary saved at age 45. I’ve always been a diligent saver and I’m not even close to that number. [/quote] Same. I’m a single parent and make 275. Try as I might, I don’t stand a chance of hitting those benchmarks with full financial responsibility for 2 kids. Yes, if I dialed way back on 529s and overpaying my mortgage, I could get closer, but being mortgage free in retirement and loan free for college is more important than having a projected $20,000/month in retirement. [/quote]
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