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Old 12-23-2010, 04:47 PM   #1
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CR Must be Reading Our Posts

This seems to be written by one of the financial guru's that post here. Basic stuff, but soooo true. Proves that even Consumer Reports gets it right occasionally.

Retirees who started saving and planning for their retirement in their 30s had an average net worth of $1.1 million, the magazine found. Those who started in their 40s had an average net worth of $868,000, and those who started in their 50s or later had an average net worth of $651,000.
The importance of saving early was underscored by the 39% who said they regretted waiting to save.
Surprisingly, the magazine found that lifestyle trumps savings as the main focus in retirement, with 75% of those with $1 million or more in retirement saying they were highly satisfied in retirement, yet 50% of those with a net worth of less than $250,000 said they, too, were highly satisfied in their golden years.
$1M Retirement Nest Egg Attainable, Consumer Reports Finds. - Financial Planning

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Old 12-23-2010, 04:58 PM   #2
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Retirees who started saving and planning for their retirement in their 30s...
I started saving in my mid 20s. Did not really plan for retirement. I just wanted to have a big pile of money to count.

Just trying to say money is not just for retirement anymore...
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
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