| chilling facts, retirement savings for individuals |
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jj4465
Member
Cash: $ 3.55
Posts: 15
Joined: 27 Dec 2004
Location: Nebraska
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| chilling facts, retirement savings for individuals |
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I search the net regularly about money and such, and its amazing all the chilling facts you see. Like how many people are in debt and how many people have a net worth that is not worth even noting. I was wondering what the average amount of savings individuals save up for retirement. Ive seen in many places that people hardly save anything up for retirement. I was curious to see if my parents have enough money to live comfortably in their retirement years. If anyone can find a website with such information that would be great. In a earlier post I noted that my parents owe nothing for anything. Everything is paid for. They get $2500 a month and have over $455,000 in stocks and in CDs. Our house is worth around $100,000 and our shop is worth around $30,000. They are pretty conservative. Is this enough for them to live comfortably since they are conservative. THANKS
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Mon Dec 27, 2004 7:36 pm |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 795
Joined: 19 Sep 2004
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First off how do they plan on living when they are older? Do the plan to travel a lot do they plan to downsize there home or stay as is? when do the plan to retire at what age? As owing nothing is great but you have to eat and the tax man commeth every year 
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Tue Dec 28, 2004 3:58 pm |
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ku
Member
Cash: $ 4.37
Posts: 18
Joined: 03 Nov 2004
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Yes, it depends on how comfortable they want to retire. For most people about one million dollars is enough for retirement.
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Sun Jan 02, 2005 4:01 am |
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