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re: What is your target savings and age for retirement?
Posted on 1/2/17 at 6:15 am to YipSkiddlyDooo
Posted on 1/2/17 at 6:15 am to YipSkiddlyDooo
quote:
I struggle with this, especially with my grandpa who had been the healthiest retiree you've ever seen all of a sudden have some pretty significant hip/low back/nerve pain. Injections worked at first but now he can't walk too far, sit on a plane or in a car for any significant period of time, etc. His millions that he saved for retirement are useless in terms of traveling and "living." I certainly understand the importance of having a nest egg big enough that you have freedom in retirement, but at some point I have to decide wether spending $X on my family today is worth not having $X+Y when I'm 75...
Yup, its a tough dilemma... Again, I was save save save until I lost some people close to me in a short period of time. It was truly a wake up call as to what I was doing and whether I was saving too much for a time that may never come.
I've taken more trips, seen more new places, and experienced more things in the last 2-3 yrs than I did in the previous 30. I don't see myself stopping anytime soon. I'm still maxing out my 401k and Roth, but contributing a lot less above that than I was previously.
Posted on 1/2/17 at 8:07 am to Lsut81
The men in my family all die young. I am planning enough to last me to my mid 80s, but I doubt I will.
Goal is to retire at 60 with 2mil + 2 rental properties and my own home.
All the models ive checked out say, im good to go.
Goal is to retire at 60 with 2mil + 2 rental properties and my own home.
All the models ive checked out say, im good to go.
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