Trying to do everything at once may not be practical. (Now-retired) Actuary Fred Vettese released a book a for those in the 20-40 age range on balancing major l

Trying to do everything at once may not be practical. (Now-retired) Actuary Fred Vettese released a book a for those in the 20-40 age range on balancing major life expenses during that time period (mortgage/rent, kids/daycare, retirement), and he concluded that is was 'fine' if one didn't get a chance to really save for retirement during that time period: > In a nutshell, the 30 idea is a rule of thumb financial planners can use to guestimate how much young couples starting off on their financial journeys need to save for retirement. Rather than state something like save 10%, 12% or 15% of your gross (pre-tax) income each and every year, The Rule of 30 views retirement saving as occurring in tandem with daycare and mortgage repayment. > From the get-go, Vettese suggests young couples allocate 30% of their gross or after-tax income to those three major expenses: Retirement savings, daycare costs and mortgage payments. However, when starting out, they may have to save less in order to handle payments for daycare and the mortgage. Since daycare expenses are temporary after a few years or so (depending on how many children a couple has), once that expense has finished, they can ramp up the mortgage paydown and/or retirement savings. And if—ideally five years before retirement—the home mortgage is paid off, then couples can kick their retirement savings into overdrive by allocating a full 30%, or more, solely to building their retirement nest egg. * https://www.moneysense.ca/columns/retired-money/the-rule-of-30/ https://www.moneysense.ca/columns/retired-money/the-rule-of-... * https://www.myownadvisor.ca/the-rule-of-30-review/ https://www.myownadvisor.ca/the-rule-of-30-review/ * https://boomerandecho.com/the-rule-of-30-book-review/ https://boomerandecho.com/the-rule-of-30-book-review/ * https://en.wikipedia.org/wiki/Frederick_Vettese https://en.wikipedia.org/wiki/Frederick_Vettese Anyone interested on reading up on retirement, especially if you're Canadian, should look at Vettese's work.