3 ms·
> She had 15 years of saving 26% of $250k to only have $250k??? But that part is just... wrong. We don't know what the savings rate was before her "mid 50s" -
by neogodless 4y ago
> She had 15 years of saving 26% of $250k to only have $250k???
But that part is just... wrong.
We don't know what the savings rate was before her "mid 50s" - clearly it was LESS than 26% of $250k, and yes, that is bananas. But GGP's text does not match what the article says.
In reality, she started with $250k around 55, and then saved (up to) 26% of $250k for 10 years, retiring at 65 with about $1 million saved.
- fbdab103 4y agoI think we were focusing on different parts. Yes, she was originally saving << 26% of her salary. My interest was strictly on her high salary and seemingly non-existent retirement strategy.