Did you get a look at today’s front page of the USA Today? There’s an article about senior adults and their credit card debt. I’ll put a link at the bottom of this page, but I think that the following few sentences sum up the issue: Unmanageable debt is forcing some older people to delay retirement. It’s nudging others already…
Category: Retirement
What Will My Retirement Account Look Like In 20 Years?
I’ve crunched a few numbers. Considering a 12K deposit in 2007 (and adding 3% to my contribution each year) for the next 20 years, here’s what my retirement account might look like in 2027. The following chart reflects possible returns of 6% to 14%. Year Annual Deposit 6.00% 8.00% 10.00% 12.00% 14.00% 2007 $12,000.00 $12,720.00 $12,960.00 $13,200.00 $13,440.00 $13,680.00 2008…
Retirement Decision Made: Sticking With Dave
Dave Ramsey suggests that 15% of household income should be invested in retirement. My wife and I will make a pre-tax, pre-health care, pre-withholdings (gross) combined salary of about $80K in 2007. (This salary includes my job, her job, and the income that I hope to make from my various web sites. 15% of our gross salary would be $12,000.…