Comments on: You Want To Retire Someday – How Much Should You Save Today and Should You Bother?

By: Shaun McGowan

Shaun McGowan — Sat, 13 Feb 2010 06:06:45 +0000

Great post! Very informative one! Saving money for retirement can be easy or difficult depending on your current salary. It is good to estimate how much you must save to give you the income you know is necessary for you to retire in comfort.

By: Best Personal Finance Posts in 2008

Best Personal Finance Posts in 2008 — Tue, 02 Jun 2009 21:39:30 +0000

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By: MikeL

MikeL — Sun, 22 Mar 2009 17:06:42 +0000

Another reason to take the “slow and steady” approach: I wonder if the government will someday introduce means testing for social security retirement benefits. If/when social security starts to run out of money, I find it very plausible that congress may pass legislation such that if you have a substantial retirement account you won’t get some/all of your social security. Isn’t this worth considering when choosing investment options in your 401k? The person with the nice, safe, slow growning stable value fund might not end up worse off since the smaller account balance might mean more of a social security payment., so the folks who went more heavily into high risk funds took all that risk for less than they anticipated…plausible?

By: Sherry

Sherry — Thu, 25 Dec 2008 16:16:29 +0000

great post Hank, but I am not in US. I know it is important to save money. Sherry's last blog post..Blog Contest - Pay it Forward

By: Ruby

Ruby — Tue, 09 Dec 2008 01:18:02 +0000

You have some great ideas here Hank! What a good read! Thank you!

By: Andrew | Savings Account

Andrew | Savings Account — Mon, 08 Dec 2008 14:36:30 +0000

Hank it's to bad alot of 18 years and even adults don't understand the power of compound interest it can either work for your or against you in a big way.

By: JonatsGonats

JonatsGonats — Mon, 01 Dec 2008 14:17:50 +0000

Have you taken consideration the effects of global inflation? If inflation is 10% then your money should earn at least 11% to beat out inflation and take home 1% gain. JonatsGonats's last blog post..US Market December Rally

By: Follow Me on Twitter and the QuickHits | Prime Time Money

Follow Me on Twitter and the QuickHits | Prime Time Money — Mon, 01 Dec 2008 06:20:16 +0000

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By: Kevin

Kevin — Tue, 25 Nov 2008 01:39:54 +0000

Unfortunately for everyone, I don't think the numbers add up for just about everybody unless you start saving 20% and up of your income and/or accepting a much lower standard of living. Assuming 10% annual returns in stocks no longer applies, automatic economic growth is probably over. America is broke and so are Americans. Look outside of America for future growth. Kevin's last blog post..Are We Just Beginning A Depression? Two Coming Disasters, How To Prepare And Profit If They Hit

By: kate

kate — Mon, 24 Nov 2008 14:35:42 +0000

this is a great post i’m in my late 20’s and sadly i have not started saving at all. just a question, do i put the savings in the bank? i am not too familiar with investing the money elsewhere.

kate’s last blog post..Sunday Grill