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Subject:  Re: What percentage of gross? Date:  1/3/2004  8:06 PM
Author:  Rocannon Number:  1645 of 5232


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.

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