Not exact matches
I'm glad you're trying to encourage
retirement savings, but you should learn a
little something
about compound interest before you attempt to advise people on this topic.
You've essentially raised your withdrawal rate from 4 % to 5 % of your
savings, and as a result the calculator lowers its estimate of your chances of sustaining that $ 40,000 in real income throughout
retirement to
about 55 %, or a
little better than a coin toss.
«With
little in
savings, and a deficit of $ 5,000 or so every year in our budget, I am starting to really worry
about my own
retirement.
When asked
about the investment approach that best aligns with their
retirement savings objectives, only one out of 10 women (11 %) chose the most conservative option: bank CDs and high - quality bonds with
little or no money invested in the stock market.
Enter some basic info
about your
retirement savings and let's start digging at those
little buggers.
In short, just by lowering the amount you pay in annual investment fees by a
little more than half a percentage point a year, you could end up with
about 12 % more in
savings come
retirement time, or an extra $ 115,000 in this example.