Year help: who knows something about retirement planning? - Help.com



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who knows something about retirement planning?

i am 43 years old and have about 200 grand saved. is that bad? good? average?

This open post was written 1 year, 4 months ago | V/U/S: 129, 5, 3 | Edit Post | Leave a reply | Report Post


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rebeccah offline Verified User (1 year, 4 months) Long Term User Shouts: 0 #
An Unknown Location | 1 year, 4 months ago (1 minute after post)

What are your monthly bills and expenditures?? how long with that money last based on this calculation? how much longer do you plan to be putting money into this savings accoung?

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dbant offline Verified User (1 year, 4 months) Long Term User Shouts: 0 #
An Unknown Location | 1 year, 4 months ago (3 minutes after post)

i will be putting money in for another 25 years. not sure what my expenses will be, but i am willing to live within my means. i guess my question is more about how others out there are doing from a lump sum in savings so far kind of way.

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rebeccah offline Verified User (1 year, 4 months) Long Term User Shouts: 0 #
An Unknown Location | 1 year, 4 months ago (9 minutes after post)

oh couldn’t help you there….sorry!

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SarahRahRah offline Verified User (1 year, 5 months) Long Term User Shouts: 12 #
An Unknown Location | 1 year, 4 months ago (54 minutes after post)

Ok, what you have to do is send that 200 grand my way and I’ll make sure you’re safe ;D

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Anonymous #
1 year, 4 months ago (17 hours, 52 minutes after post)

Your question is good. Wish there was a solid answer.

I thought once I hit my magic number I could retire but now I’m hesitant to actually do so. Here is why. I see gas, food and medical prices soaring. With the baby boomers retiring I think inflation is here to stay for a good decade or more.

I’ve changed my retirement plans from equaling my salary to be two times my salary. I am multiplying my savings by 5% plus adding my small pension. I

If I live 40 more years and I look back at what the cost of living was 40 years ago, it does not seem prudent to me to retire until my income is double of what it is now.

I have no debt and live an extremely modest lifestyle.

I may be overcompensating but I don’t want to wake up at 90 and say, “oops, should have planned a little better.”

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