The Motley Fool Discussion Boards	Previous Page
Retirement Discussions / FIRE Wannabees
URL: http://boards.fool.com/dianakalt-how-much-are-you-currently-saving-20092662.aspx
Subject: Re: What percentage of gross?	Date: 1/3/2004 8:06 PM
Author: Rocannon	Number: 1645 of 4981
dianakalt, How much are you currently saving towards retirement, as a percentage of gross? (As a percentage of gross earned income, I assume - excludes investment income?) I'm not sure exactly whether the answer to this question really means anything, but since you are curious, I'll toss my statistic into the ring: 33%. That percent is unintentional - it just happened that way in 2003. I could probably save even more, maybe up to 40% of gross, by making my pennies squeal. But I also like to live it up from time to time! BTW this probably also matters: I live in a rental apartment, and I am a single individual with no dependents. How much would you LIKE to save towards retirment as a percentage of gross? Heheh... as much as possible, of course. But there's always a balancing point; one must decide whether the saved income is more valuable than the joy one receives from spending it. Rocannon
Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us