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How Much are You Investing in Your Retirement?

Not so long ago the goal was $1-2 million. :Oh crap

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The discussion on how much and individual needs by the time they retire used to be pretty straightforward. With $1 million in savings, at a 5% interest rate, one could be reasonably assured of having $50,000 in annual income by investing in long-term bonds and simply living off the income. With $2 million, an individual could assume a six-figure annual income without having to dip into principal. (For more on how you can achieve these targets, read How To Save More For Your Retirement.)

Unfortunately, interest rates have been on a steady decline for roughly three decades now. Back in 1980, nominal Treasury Bill rates were roughly 15%, but these days a 30-year Treasury is yielding just over 3%. Lower yields on bonds has made the investing equation in retirement more difficult and was only exacerbated by the credit crisis, which has also served to complicate the manner in which individuals save to have enough to live off in retirement.

FULL STORY

no pension from government that you need 1$ mill and live from 5% interest?
ps: inflation would eat part of that

My 401k was doing pretty well, until I had to dip into it.

Retirement is not a luxury that most people can even think of. Most people barely scrape by as it is.

invest as much as you can in bricks... with 2-3 houses one should be able to live decently of rental income.

I will build my first ocean view villa with pool etc this year... flip for profit or rent out and pay for the house with rental income... after that.. repeat

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Originally Posted by digitalfantasies (Post 19694703)

:thumbsup
thread closed

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Originally Posted by digitalfantasies (Post 19694703)

You still in the tourism business in the DUTCH Colonies (curacao/aruba/etc) at the Caribbean?

You are doing mad cash with that thing, huh...

Retirement lol? My dad died three months ago a year after he retired at 60 , mom saved all the money. Both in education.

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Originally Posted by digitalfantasies (Post 19694703)

Very good advice.

I dont think i even have $1 saved

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Originally Posted by BCyber (Post 19700269)

Retirement lol? My dad died three months ago a year after he retired at 60 , mom saved all the money. Both in education.

Sad really, he slaved all his life for the magical retirement, just to end so soon.:2 cents:

I piss all my money away like a drunken sailor :glugglug

The most I can that is tax differed.

Well, sometimes I have to sell my lunch to pay my dinner so the answer is zero, nada.

I don't know for how long I'll be alive so I'm burning all I make while I still can.