When I first started working an income of 10,000.00 per year was considered very good wages and enough to rais a family with.
Now that I am retired my income is three times that and I do have to watch the pennies but yes I have enough.
Will you have enough when it is time for you to retire? Are you planing for what you will need?
2006-12-09 01:55:37 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Absolutely will have enough !!!
I am making sure of it by hoarding NOW. I still live comfortably but manage to pack alot away. I started years ago hoarding and now at the age of 39 I can see my money growing without me doing anything for it! What a feeling!!
2006-12-09 02:54:29 · answer #1 · answered by Kitty 6 · 0⤊ 0⤋
I will have enough. I've invested in IRA's and have other taxable investments. I will have a small pension. And despite the what the prophets of disaster say, social security will be there. And you don't really need as much as the "experts" say. Almost no one retires will a million like they say you should. They say you need to spend no more than 4% of your nest egg per year to insure you will never run out of dough. Well, I've yet to see a Brinks truck in a funeral procession.
2006-12-09 10:14:47 · answer #2 · answered by Big R 6 · 0⤊ 0⤋
young ppl today cant' count on soc. sec being around 30-40 years down the line and savings rate is at an all time low so i'm not really sure what'll happen to me by the time i retire
2006-12-09 10:05:31 · answer #3 · answered by rosesky 3 · 0⤊ 0⤋