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"Nobody is going to have "$20,000" at age 25."


My nephew graduated college at age 21. Got a job making $70,000/year. Lived at home. Was saving over $30,000 per year for the first few years, and starting making $90,000/yr. thinking about buying a house.

Now he is 26. Changed jobs. Making well over $100,000/yr. Has his own apartment. Still drives 10 year old car which he bought from his dad. You don't think he can't save?

Has serious girlfriend, so savings might be about to drop as he contemplates family.

Is this 'retirement savings'? Dunno, but he socked away at least 6%/yr in the company saving plan, plus a personal IRA.

Smart kid, in many ways.


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