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re: Savings Advice from the MT Experts
Posted on 6/18/14 at 5:20 pm to Colonel Flagg
Posted on 6/18/14 at 5:20 pm to Colonel Flagg
Not a dumb thought at all. The only problem with counting home equity as an asset is that it only matters if you are borrowing against it or selling the house.
1
Posted on 6/18/14 at 8:27 pm to VABuckeye
I know I won't get any honest answers but what x(salary) do folks actually have?
I'm 34 and have a combined 1.61x yet that puts us well ahead of "projected income at 65" and almost at that projected # for 55. So what gives? I think the x(salary) is because right now I'm way behind that curve and by the time I retire we'll be well ahead of that curve.
Eta: I'm strictly speaking of our current combined. Starting salaries we're over 3x.
I'm 34 and have a combined 1.61x yet that puts us well ahead of "projected income at 65" and almost at that projected # for 55. So what gives? I think the x(salary) is because right now I'm way behind that curve and by the time I retire we'll be well ahead of that curve.
Eta: I'm strictly speaking of our current combined. Starting salaries we're over 3x.
This post was edited on 6/18/14 at 8:59 pm
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