Tuesday, September 02, 2014

Retirement

Go read this post over at "Business Insider".  Titled "No One Can Tell You How Much to Save for Retirement", the article has to my way of thinking some of the best advice for individuals trying to calculate how much to put away for their post working years.  Here's a couple of the main points:

"I can’t tell you how much you should be saving for retirement. It’s up to you to figure out the kind of life you want to live, and how much you’re going to need to live that life.  Those who dream of traveling the world and dining at Michelin star restaurants are going to have to save a lot more money than those who want to retire to a country house and eat vegetables grown from their own garden. Not everyone needs a $1 million nest egg, so don’t freak out if you’re not going to hit that target. You can live on less. Just don’t pretend that you’ll be buying tickets to Europe every weekend if you’re not saving that kind of money."
"Not everyone has to retire at 65, either. That’s the age you read the most about, but you can retire whenever you want once you have enough money to support yourself. And if you like your job and want to work a few more years, there’s no reason why you must quit at 65. There’s no reason I need to quit writing for money at 65!"

Any way I think it's worth the five or so minutes to give this article a once over.  A lot of good common sense points in it.