The Motley Fool Discussion Boards
Retirement Discussions / FIRE Wannabees
|Subject: Re: What percentage of gross?||Date: 1/3/2004 8:06 PM|
|Author: Rocannon||Number: 1645 of 4981|
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.
|Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|