Personal Finance and Investing

SheilaT

(23,156 posts)

5. The 18% is if you wait until age 35 to start saving.

Reply to Common Sense Party (Original post)

Wed Jul 18, 2012, 04:03 PM

Jul 2012

If you start saving even ten years earlier, I suspect that 10% will be enough.

I think the other way people sabotage their ability to save is that they really, really think they need a brand new expensive car with all the bells and whistles, or they really, really need a lot of clothes and CD's or downloads from whatever, or must have that $5.00 fancy coffee every single day.

I'm not saying never indulge in some small luxury, but don't spend every penny that comes in and then wonder why you couldn't save for retirement.

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5 Ways People Sabotage Their Own Retirement [View all] Common Sense Party Jul 2012 OP

6. Voting for republicans. Turbineguy Jul 2012 #1

I almost posted the same thing Common Sense Party Jul 2012 #3

#4. sure hard to find the happy medium in this market. thanks. nt seabeyond Jul 2012 #2

Definitely true, but even a 50/50 bond/stock mix is better than Common Sense Party Jul 2012 #4

The 18% is if you wait until age 35 to start saving. SheilaT Jul 2012 #5

Amen to that. When I was out knocking doors, meeting people as a beginning Common Sense Party Jul 2012 #6

Not a bunch... GreenMask Jul 2012 #7

I agree. Common Sense Party Jul 2012 #8

Bye freeper. Had you all along. Kingofalldems Jul 2012 #9

Retirement Billy Patterson Aug 2012 #10

5 ways people sabotage their own retirement GMR Transcription Nov 2012 #11