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Best way to save $ for retirement
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Thud
Posted 3/23/2017 19:48 (#5918134 - in reply to #5917112)
Subject: RE: 10% ????


Near-north Ontario, French River
I suppose it depends on how much you make ? Someone clearing 200k a year , could live off of 20k , most likely won't,but they could get the basics if they wanted to. Someone just starting out making 30k a year isn't going to be able to live on $3k/yr. If a guy can squirrel away 10% every year, and maybe more in good years, I'd say he's well on his way assuming he chooses wise investments. That 10% could even include payments for land etc.
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