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Investing/Strategies / Retirement Investing
|Subject: A test and a game||Date: 5/25/2000 2:27 PM|
|Author: RECCLES4||Number: 22194 of 76082|
Hey Fools of retirement. I was presented with this challenge the other day. I present it to you to see what you would do. To be honest Im not so sure it can be done but then agian, if one takes a LOT of risk, then I guess it can.
A 35 year old man and 34 year old women who earn a total of 70k per year have no savings nor retirement plans and have never contributed to a 401k or other employer savings plans. They have Credit card debt at approx 15k and basicaly spend everthing they earn.
They want to retire in 15 years when he turns 50.
Besides getting a handle on debt and spending, how should they go about earning enough to retire in 15 years on about 35k per year?
I look forward to your answeres.
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