mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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.
$1M Retirement Nest Egg Attainable, Consumer Reports Finds. - Financial Planning
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