10 commandments of retirement planning

It's never too soon to begin thinking about how you'll fund your life once you leave the workforce. These guidelines can help you get your finances ready.

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Jan 23, 2013 6:46AM
what about the guy making making 25000 a year all these techniques are not an option for him he works til he dies 
Jan 23, 2013 4:34AM
A good rule of thumb is to live below your means.Save twice as much as you think you can.Buy 2 to 3 year old good used cars letting the original owner taking the depreciation hit. Put your mind to it you would be surprised how many ways you'll come up money not spent lavishly that is money in the bank.Good luck.
Jan 22, 2013 11:41PM
The plain truth is that most working people have a very hard time saving much money. Wages are stagnant and prices continue to skyrocket. Although there are some lucky workers who do manage to save a little. Savings are not bringing in much income and therefore shrinking. Hard times ahead for many.
Jan 22, 2013 11:15PM
They forgot "You Shall Not Bailout My Kids"
Jan 22, 2013 10:23PM
No more political rants.  You grouchy, angry, old men should restict yourselves to political threads.  Instead, you come here and poop.
Jan 22, 2013 9:40PM
Want to retire? Start by getting rid of the Marxist in the White House!
Jan 22, 2013 8:49PM

"A rule of thumb is to assume you'll need 80% of your current annual income in retirement."

In what world is this a good rule of thumb? This might be true from age 66 to 75, but after that, your spending will drop like a stone! I am well into my 60's and both of my parents are still alive, healthy, and living in their condo. They have a VERY comfortable pension that nets them over six figures per year. Their spending is less than $35,000 per year and going steadily DOWN. I understand that we need to save lots of money, but that 80% prediction is just flat-out unrealistic, and wrong. Stop trying to scare us!

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