Reply to I Live Comfortably on Less than $70K After-Tax in DC Area

Forum Index » Money and Finances

Reply to "I Live Comfortably on Less than $70K After-Tax in DC Area"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]In your position you are absolutely not saving enough for retirement.  You may be living fine, but you are shorting your retirement.  Also, you should assume 4% for long term growth.  At your age I wouldn't include SS either.[/quote]
OP here. I am saving 18% of my income, which is more than the 15% that advisors recommend. And once I increase my contribution, I will be putting away 20%. I've been doing that since the first year after college, and I'm sure I'll be fine. The main thing is that I started early.[/quote]

Fine, but you are not maxing out.[/quote]

I'm not the poster you're responding to, but it seems the goal posts have been unfairly moved.  At first it was "you are not saving enough for retirement."  When it was pointed out that saving 18% of gross income IS enough (and it is), then the critique moved to "you are not maxing it out."  But maxing it out wasn't the point.  The poster is doing fine, and is not "shorting" his/her retirement.  Why all the hate?[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics