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Topic	The majority of us aren't saving enough for retirement
Prismsblade 01/26/20 6:56:20 PM #17:	Beveren_Rabbit posted... how do you even afford to live for retirement? You need at least $1,300 for rent/mortage and about $500-$600 more for utilities/phone/internet and about $30-$340 a week for food. Even if you save up over $50,000 that's only really enough to stay fed with a roof over your head for about 2 years. You HAVE to start investing, either in a retirement account like the IRA, and or 401k, stock market, real estate, a business or a combination of 2,3 or all of the above. Since even with a medium or high wage income just saving what you have left after expenses until retirement age isnt enough. You absolutely have to establish continuous streams of income enough to comfortably cover all your living expenses for the rest of your life. In regards to mortgage the best case scenario is that your house/car are fully or at the least almost fully paid off by the time you retire to write that off your bills entirely. --- 3DS FC:3368-5403-9633 Name: Kaizer PSN: Blackkaizer <cite>Prismsblade posted [p:933523333] in The majori... [t:78362157]...</cite> <quote>Beveren_Rabbit posted... </cite> <quote>how do you even afford to live for retirement? You need at least $1,300 for rent/mortage and about $500-$600 more for utilities/phone/internet and about $30-$340 a week for food. Even if you save up over $50,000 that's only really enough to stay fed with a roof over your head for about 2 years.</quote>You HAVE to start investing, either in a retirement account like the IRA, and or 401k, stock market, real estate, a business or a combination of 2,3 or all of the above. Since even with a medium or high wage income just saving what you have left after expenses until retirement age isnt enough. You absolutely have to establish continuous streams of income enough to comfortably cover all your living expenses for the rest of your life. In regards to mortgage the best case scenario is that your house/car are fully or at the least almost fully paid off by the time you retire to write that off your bills entirely. --- 3DS FC:3368-5403-9633 Name: Kaizer PSN: Blackkaizer</quote> ... Copied to Clipboard!
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