think at the rate i am saving its not nearly enough.
2006-12-07 06:27:59 · 5 answers · asked by Mark 1 in Business & Finance ➔ Investing
What is your goal by the time you retire? You should contact a financial broker. They can assist you best. What type of retirement account do you have? They are many. Is your employer matching any funds you put into your 401K?
2006-12-07 06:37:09 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You can get the answer to that question by completing any one of the excellent questionnaires found on Bankrate.com, Vanguard.com, Fidelity.com, Schwab.com, etc. The sites will go through a series of questions with you, and give you an indication of about how much you'll need in retirement, along with how much you'll need to save currently.
Personally, I think you're doing great, having $32,000 at 32. Many people have substantially less than that and are much older. Keep saving!
2006-12-07 08:14:21 · answer #2 · answered by SuzeY 5 · 0⤊ 0⤋
It depends how much are you making now and if you want to live the same lifestyle after retirement or if you will be forced to cut your "salary" in half.
It also depends if you smoke and if you are healthy.
It's not the same to save for 85 years than for 95 years.
If you let me know more I could help you.
2006-12-07 06:53:03 · answer #3 · answered by Anonymous · 0⤊ 1⤋
At least a dime
2006-12-07 06:52:31 · answer #4 · answered by Tawani 3 · 0⤊ 0⤋
YOU SHOULD HAVE MORE THAN $100K BY NOW.
2006-12-07 06:31:32 · answer #5 · answered by jay j 4 · 1⤊ 1⤋