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Yes, saving 20% when you have $20 left over your paycheck (or sometimes even negative dollars) might net you a solid $100k when you’re retirement age but I doub
by azemetre 2y ago
Yes, saving 20% when you have $20 left over your paycheck (or sometimes even negative dollars) might net you a solid $100k when you’re retirement age but I doubt you’ll be able to stretch it very fair since it’ll be likely you’re still renting and still have debts dragging you down.
I think what we will see is a return to generational housing in America. More out of a necessity, like how divorced couples still lived together during economic strifes across the world.
- jillieco84 2y agoHowever, there is 55 and up communities across the country, and they offer affordable housing options. You can get a new trailer for 80k or a camper and live comfortably until you die. I am not buying a house but saving at least 100k for retirement. I’d prefer a million but will see. I’m going to start saving a 500 to a 1000 a month in a high interest account whether it is stocks, bonds, or a CD