Retirement May be Attainable After All…If You Work Just a Bit Longer

I will admit, I am a bit of a “retirement nag,” and am quick to point out the doom

and gloom stories of hard-working individuals who may not have enough to retire at the age they wish. Yes, I am the finger-wagger when it comes to preaching the benef

its of saving early, saving often, and saving in a mixed bag of investments. So in honor of the Thanksgiving holiday, I have linked to a recent Wall Street Journal Article that presents a more positive picture. (See “”). Come to find out, if you are a little behind on retirement saving, you don”t necessarily have to work until you”re 102. An 45-year old average-wage worker who socks away 18 percent a year into savings (which is slightly higher than the recommended 12 to 15 percent a year) need only work until age 70 in order to maintain his or her standard of living in retirement.

Of course, saving early (age 25) and often (monthly contributions to some kind retirement account) is still the best advice. After all, unexpected physical or mental disabilities may prohibit some individuals from working to age 70 and beyond. But at least there is hope. It is never too late.

Happy Thanksgiving!

Comments (12)

Trackback URL | Comments RSS Feed

  1. Joe says:

    Sainvg 12 to 15 percent a year! You’ve gotta be kidding!

  2. Brian says:

    One thing I fear is that inflation is going to impact people’s ability to save and their savings wealth more so down the road. What people earn in most traditional savings accounts isn’t enough to even keep up with inflation, so they will have to get smarter with their money. It will get harder to do that, and to keep up with inflation.

  3. Marel says:

    Hats off to wheoevr wrote this up and posted it.

  4. Danny says:

    Pirate’s Dinner Adventure is acclaimed as “the world’s most unique
    interactive dinner show. forces continue to monitor the suspected pirate
    mother ship, officials said. Look for a $5 coupon stickered on specially marked packages that you can
    use to save $5 when you purchase Green Zone on DVD or Blu-ray plus one of the following movie titles on DVD or Blu-ray: The Wolfman, Inglourious Basterds or
    Public Enemies.

    my web page: clash of clans triche

  5. Rowena says:

    Hi there to every body, it’s my first pay a quick visit of this website; this weblog carries amazing and in fact fine data designed for visitors.

    Here is my site; karatok theme

  6. Kristofer says:

    My spouse and I stumbled over here coming from a different page and
    thought I should check things out. I like what I see so now i am following you.
    Look foraard to looking over your weeb page repeatedly.

    Feel ffee to surf to my webpage: télécharger idm gratuit version complète

  7. Karin says:

    Excellent post. Keep writing such kind of info on your site.
    Im really impressed by your site.
    Hello there, You have done a fantastic job.
    I’ll definitely digg it and individually recommend
    to my friends. I’m confident they’ll be benefited from this web site.

    Here is my blog post dungeon hunter 4 hack windows 8

  8. Nestor says:

    If you desire to improve your know-how only keep visiting
    this web site and be updated with the newest
    news update posted here.

    Feel free to surf to my homepage: a2Z health massage school

  9. Lucatero says:

    This is the perfect blog for everyone who would like to find out about this topic.
    You realize so much its almost tough to argue with you (not that I personally
    would want to…HaHa). You certainly put a brand new
    spin on a topic that has been discussed for many years.
    Excellent stuff, just great!

    Comprehensive range of services offered with a content writing India team includes SEO copywriting,
    website copywriting and technical writing. For example, you’ll be able to use exactly
    the same descriptions for each 40 sites you submit. Travelocity priceline promo code Knowing these
    first before you’re posting a chapter assist you in writing a
    focused, well-organized, compelling book that speaks directly for
    your potential buyer. Many folks are lazy to write down their
    term papers as a consequence of lack appealing.

  10. Hermelinda says:

    What’s up, I check your blog like every week. Your humoristic style is awesome,
    keep it up!

    Visit my web page … flapy bird (Hermelinda)

  11. Ricardo says:

    Is there a hard copy book similar to this post? Just want to see if I can read up much more on it.
    Any recommendations will be great thanks! :)

    Visit my site :: roofing Toronto

  12. Vanessa says:

    I have read so many posts regarding the blogger lovers except this
    post is genuinely a nice post, keep it up.

    Take a look at my webpage :: Best Vines Compilation – August 2014 – http://www.youtube.com,

Leave a Reply



If you want a picture to show with your comment, go get a Gravatar.