No. of Recommendations: 2
It's exactly as simple as the suggested method of calculating desired retirement savings. It was carefully calculated to fit into the thread at just the right level of simplicity.

No, it isn't that simple. The post mentioned a $10k increase in income. Unless you are going to neglect FICA/medicare withholding and federal and state income tax, a $10k raise will not result in $10k in additional money to put into retirement accounts.

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