The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / FIRE Wannabees

URL:  http://boards.fool.com/currently-we-save-about-10-of-our-gross-3-years-20092885.aspx

Subject:  Re: What percentage of gross? Date:  1/3/2004  9:37 PM
Author:  mazske Number:  1649 of 5084

Currently, we save about 10% of our gross. 3 years or so I was saving about 14%, but rises in health insurance and other expenses and a pay raise freeze has resulted in the savings amount dropping off.

I do have 2 pensions that I'm working on so I don't need to save as much as a person who has no pension. One pension is from the federal government and one is from a state government, so I figure I am about as safe as safe can be with a pension.

Whenever I do get another payraise, I will save at least half of it as I have done with all of my payraises over the past 5 years or so.

No question about it though, I will be FIRE'd by age 50.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us