View Single Post
  #4 (permalink)  
Old 10-06-2009, 10:10 AM
PetMom PetMom is offline
$ Saving HS Senior
 
Join Date: Oct 2006
Posts: 333
Points: 1950.00
Donate
Default

This technique can actually be feasible if a 20 year old starts this and is consistent in saving and then retires at 65 or 70.

This used to be quite common investment advice and does add up.

During bad economic downturns this does have some problems for some who are paying medical bills, higher medical insurance and have employers who are cutting back on retirement funding/benefits.

The author of the article should be reachable by email and might have some tips where the 10% is to be found (keeping in mind also any would be taxes that might be imposed even if cashed in as the retiremtn nest egg.)
Reply With Quote