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re: Starting a retirement fund in your mid 30’s?

Posted on 8/7/20 at 6:49 am to
Posted by DiamondDog
Louisiana
Member since Nov 2019
10606 posts
Posted on 8/7/20 at 6:49 am to
quote:

annual spend times 25 is $4.2 million.


The average person isn’t retiring a multimillionaire. They are just low fixed income
Posted by RJSambola
Member since Jun 2012
319 posts
Posted on 8/7/20 at 6:54 am to
The goal at the start is to get the low fixed income as large as possible
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2136 posts
Posted on 8/7/20 at 10:26 am to
quote:


The average person isn’t retiring a multimillionaire. They are just low fixed income


I know how woefully unprepared MOST people are. The OP asked for Money Board's advice. Want to be average? Go to the Outdoor Board or OT where they'll tell you what truck and gear to finance or to just spend your income on hookers and blow.
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