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Posted on 11/4/12 at 8:27 am to jimbeam
quote:
How much does each increment in percentage equate to either lifestyle once retired or how soon you can retire?
My lifestyle was austere. But I know that if I had saved 20% when I was 20-40 years of age I would have lost money I saved in interest on car notes and mortgages. Because I wouldn't have enough saved to pay cash for cars and big down payments on my houses.
Posted on 11/5/12 at 3:07 pm to jimbeam
quote:
How much does each increment in percentage equate to either lifestyle once retired or how soon you can retire?
I think I read in Smart Couples Finish Rich or something...10% savings for basics in retirement 15% for comfort 20% for luxury lifestyle.
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