Comments on How to Save $1 Million by 65TypePad2010-12-08T20:36:09ZNAhttps://www.freemoneyfinance.com/tag:typepad.com,2003:https://www.freemoneyfinance.com/2010/12/how-to-save-1-million-by-65/comments/atom.xml/Old Limey commented on 'How to Save $1 Million by 65'tag:typepad.com,2003:6a00d83451bcbd69e20147e0fd9aa4970b2010-12-24T18:21:50Z2010-12-24T18:21:50ZOld LimeyFMF is correct that it makes more sense to think about "How much income will I need when I retire"...<p>FMF is correct that it makes more sense to think about "How much income will I need when I retire" rather than "I need a million dollars to retire".<br />
In the America of today where pensions are disappearing fast for lots of employees if I were about to enter the workforce I would be trying to get a job with either the Federal, State, or Local government because they still give really nice pensions. First off I would have changed my major to Civil engineering rather than Aeronautical engineering. Then at age 65 if I had SS and a pension that could be anywhere from 75%-100% of my pay I would feel that I was secure. Government jobs are also more secure than those in the private sector, an important consideration these days.<br />
It goes without saying that you also need to live frugally, save hard and marry a woman that has good job skills and also feels the same way as you where money is concerned. Last of all - Avoid Divorce by getting it right the first time - Divorce can be devastating to your financial future.<br />
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