Posted by redforlife on October 16, 2014 at 20:19:13 from (68.234.121.124):
In Reply to: Retire or not posted by LAA on October 16, 2014 at 18:55:45:
Well, it really does all boil down to personal lifestyle. And of coarse if you are fully retired, or still puttering around here and there making a few dollars. If a person is working an average income 40 hour a week job, they should be able to live adequatly plus be able to save and contribute to retirement, investments, ect. Retired, they are likely to not be living on the same income. Likely less. The same would be nice, but out of reach for most people. Fare to say that for most people, saving anything at the lower income is unlikely. The average person is likely to also spend a heck of alot more money on a day off than on a day working wether it be for recreation, whatever. You can't really put much trust in these average figures anymore, and I'll tell ya why. A person that lives conservative, and don't over indulge in things, and can mannage their money, is not an average person this day in age. Analize your personal situation and your plans during retirement and do whats best for you.
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