Just curious, how do the rest of you 20-somethings plan for retirement? If you're within 3-5 years of retirement, it's a lot easier to pick a date and start making preparations. It's a lot harder when you're just getting started.
When I first started w*rking a few years ago after school, I tried to plan my retirement down to the exact year I'd retire (about 20 years out at that time). I ended up depressed about how far away I was from reitrement and freedom. Since then, I've realized that it's nearly impossible to plan with precision that far out, and its frustrating to even try. There are way too many unpredictable (kids, long term market fluctuation, job changes, lifestyle changes, etc). Now, I just save every penny I can, invest it wisely, LBYM, and try to enjoy life as it goes along. I don't know if I'll retire at 35, 45, or 65, but I figure that if I am wise with my money as I go along, I'll be fine whenever I hang it up.
How do the rest of you young dreamers handle this?
When I first started w*rking a few years ago after school, I tried to plan my retirement down to the exact year I'd retire (about 20 years out at that time). I ended up depressed about how far away I was from reitrement and freedom. Since then, I've realized that it's nearly impossible to plan with precision that far out, and its frustrating to even try. There are way too many unpredictable (kids, long term market fluctuation, job changes, lifestyle changes, etc). Now, I just save every penny I can, invest it wisely, LBYM, and try to enjoy life as it goes along. I don't know if I'll retire at 35, 45, or 65, but I figure that if I am wise with my money as I go along, I'll be fine whenever I hang it up.
How do the rest of you young dreamers handle this?