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Reply to "At what age do you plan to retire?"
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[quote=Anonymous][quote=Anonymous][i]At what age would you like to retire? How old will your kids be? Would you voluntarily retire later to earn extra money to help your kids pay for college? Grad school? A wedding? If your mortgage and childcare expenses are paid off by the time you retire, how much (or what percentage of your current income) will you need when you retire per year? [/i] 1. Like to retire? at 50. Will retire, probably 72. We are both physically fit and come from families who live a long time, so we are prepared to live well into our 90s...maybe even top 100. 2. We had our kids young, so they will be done with college by the time we are in our mid-50s. We already have 250K for both boys to split, the rest is on them. No need to give more than a few grand for a wedding. 3. Probably 30%[/quote] Sorry, when I am 72 and I retire, my kids will be 44 & 42[/quote]
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