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Retirement Discussions / Retire Well on Less


Subject:  Re: Retirement in danger Date:  10/26/2008  3:08 PM
Author:  ziggy29 Number:  1306 of 1845

>> He has an annual pension of $30,000. The amount he will receive from social security wasn't stated, but probably would be in the $20,000 range. The provides a $50,000 annual income without any use of savings. <<

That was my assumption, too. When you have a pension that generous, the amount you need to save on your own is far, far less than it is for us poor schmucks who have to rely on Wall Street for any chance to retire.

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