Comments on: How Much Money Do I Need to Retire? http://www.datmoney.com/2009/06/how-much-money-do-i-need-to-retire.html Build Traffic, Make Money Online & Sip on a Cup of Success! Sun, 09 Jan 2011 17:50:34 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: ed hardy shoes http://www.datmoney.com/2009/06/how-much-money-do-i-need-to-retire.html/comment-page-1#comment-88710 ed hardy shoes Tue, 11 May 2010 02:38:03 +0000 http://www.datmoney.com/?p=1023#comment-88710 I think this is very important because what we do now will affect us later. I am all about saving up and rewarding yourself with a trip somewhere but as we get older we do need to set some money aside for the future. In other words, if you get a monthly civil service pension of $600, two-thirds of that, or $400, must be deducted from your Social Security benefits. I think this is very important because what we do now will affect us later. I am all about saving up and rewarding yourself with a trip somewhere but as we get older we do need to set some money aside for the future.
In other words, if you get a monthly civil service pension of $600, two-thirds of that, or $400, must be deducted from your Social Security benefits.

]]> By: Home Education http://www.datmoney.com/2009/06/how-much-money-do-i-need-to-retire.html/comment-page-1#comment-57151 Home Education Sat, 01 Aug 2009 12:26:12 +0000 http://www.datmoney.com/?p=1023#comment-57151 The Windfall Elimination Provision primarily affects you if you earned a pension in any job where you did not pay Social Security taxes and you also worked in other jobs long enough to qualify for a retirement or disability benefit. The Windfall Elimination Provision primarily affects you if you earned a pension in any job where you did not pay Social Security taxes and you also worked in other jobs long enough to qualify for a retirement or disability benefit.

]]> By: Home Education http://www.datmoney.com/2009/06/how-much-money-do-i-need-to-retire.html/comment-page-1#comment-57150 Home Education Sat, 01 Aug 2009 12:25:44 +0000 http://www.datmoney.com/?p=1023#comment-57150 Your Social Security benefits will be reduced by two-thirds of your government pension. In other words, if you get a monthly civil service pension of $600, two-thirds of that, or $400, must be deducted from your Social Security benefits. Your Social Security benefits will be reduced by two-thirds of your government pension. In other words, if you get a monthly civil service pension of $600, two-thirds of that, or $400, must be deducted from your Social Security benefits.

]]> By: Home Education http://www.datmoney.com/2009/06/how-much-money-do-i-need-to-retire.html/comment-page-1#comment-54446 Home Education Wed, 01 Jul 2009 16:36:17 +0000 http://www.datmoney.com/?p=1023#comment-54446 I have no pension, but I own my own home with no mortgage. I also have quite alot of cash in the bank. If I get a financial advisor to invest this for income for me, with index linked investments (so that the capital goes up with inflation) and I want to retire on an income of, say, £15000 per year before tax in today's terms, how much cash do I need in the bank to generate this income, which would enable me to retire and live a life of leisure? Thanks! <abbr><em>Home Educations last blog post..<a href="http://firstclasseducation.org/education-building-up-future.html" rel="nofollow">Education- building up future</a></abbr></em> I have no pension, but I own my own home with no mortgage. I also have quite alot of cash in the bank. If I get a financial advisor to invest this for income for me, with index linked investments (so that the capital goes up with inflation) and I want to retire on an income of, say, £15000 per year before tax in today’s terms, how much cash do I need in the bank to generate this income, which would enable me to retire and live a life of leisure? Thanks!

Home Educations last blog post..Education- building up future

]]> By: Florida Personal Injury lawyers http://www.datmoney.com/2009/06/how-much-money-do-i-need-to-retire.html/comment-page-1#comment-54270 Florida Personal Injury lawyers Tue, 30 Jun 2009 06:34:02 +0000 http://www.datmoney.com/?p=1023#comment-54270 Of course coming up with an accurate answer to each of these questions is impossible. Instead, you develop a best guess estimate. This estimate should include a best case and worst case scenario. Of course coming up with an accurate answer to each of these questions is impossible. Instead, you develop a best guess estimate. This estimate should include a best case and worst case scenario.

]]> By: Lapis lazuli http://www.datmoney.com/2009/06/how-much-money-do-i-need-to-retire.html/comment-page-1#comment-54185 Lapis lazuli Mon, 29 Jun 2009 11:51:30 +0000 http://www.datmoney.com/?p=1023#comment-54185 How much money would I need to save up for my mom so she can finally retire? What amount of money (in Canada) would I need to give her so she can retire and I can leave? How much money would I need to save up for my mom so she can finally retire? What amount of money (in Canada) would I need to give her so she can retire and I can leave?

]]> By: Jay http://www.datmoney.com/2009/06/how-much-money-do-i-need-to-retire.html/comment-page-1#comment-53552 Jay Tue, 23 Jun 2009 14:55:33 +0000 http://www.datmoney.com/?p=1023#comment-53552 Olga - I think you would actually need a little more than how much you would be making at a regular job because your expenses automatically increase when you're working by yourself or whatever. Sacha - I'm 26 and I already have a retirement plan as well. But you're absolutely right about inflation and interest... honestly, I didn't include all of that... or even taxes. But it was just food for thought. Ed - Saving is key... I was taught that you should save just incase... for instance, if someone was to get laid off then they'd have their savings to tap into if all else fails. Music - I think it depends on the bank you put it in. Are interest rates that high? I think most banks only give like 2% at the highest... unless you put it in a CD but then you can't touch the money for a while. Tech - Realistically, I don't think any of us would really retire so young. I'm sure we'd get bored, plus, we would probably want to make more money if we could. Maybe even invest in something... Gasoline - You're never too young to think about early retirement. And yes, I agree, you could get by with a lot less but I came up with that number so people could potentially buy their own house and then settle in. Jay Olga – I think you would actually need a little more than how much you would be making at a regular job because your expenses automatically increase when you’re working by yourself or whatever.

Sacha – I’m 26 and I already have a retirement plan as well. But you’re absolutely right about inflation and interest… honestly, I didn’t include all of that… or even taxes. But it was just food for thought.

Ed – Saving is key… I was taught that you should save just incase… for instance, if someone was to get laid off then they’d have their savings to tap into if all else fails.

Music – I think it depends on the bank you put it in. Are interest rates that high? I think most banks only give like 2% at the highest… unless you put it in a CD but then you can’t touch the money for a while.

Tech – Realistically, I don’t think any of us would really retire so young. I’m sure we’d get bored, plus, we would probably want to make more money if we could. Maybe even invest in something…

Gasoline – You’re never too young to think about early retirement. And yes, I agree, you could get by with a lot less but I came up with that number so people could potentially buy their own house and then settle in.

Jay

]]> By: gasoline cards http://www.datmoney.com/2009/06/how-much-money-do-i-need-to-retire.html/comment-page-1#comment-53339 gasoline cards Sun, 21 Jun 2009 08:05:25 +0000 http://www.datmoney.com/?p=1023#comment-53339 I am really young to be deeply engrossed in thoughts about my retirement plans, but I believe as the others say, that you can get by with a much smaller sum. I would say about $2 or $3. That would be living really comfortably as well, because it will generate more as the interest goes up. -Randy I am really young to be deeply engrossed in thoughts about my retirement plans, but I believe as the others say, that you can get by with a much smaller sum. I would say about $2 or $3. That would be living really comfortably as well, because it will generate more as the interest goes up.

-Randy

]]> By: Tech and Toys http://www.datmoney.com/2009/06/how-much-money-do-i-need-to-retire.html/comment-page-1#comment-53311 Tech and Toys Sun, 21 Jun 2009 02:11:27 +0000 http://www.datmoney.com/?p=1023#comment-53311 I wish I could retire now, but like Olga said, I am too young to retire now. As Sacha said it is good to start a retirement fund early on. Thanks for the article, it is a nice thought to think of retiring, but ill have to put that on hold for now. <abbr><em>Tech and Toyss last blog post..<a href="http://techandtoys.com/?p=131" rel="nofollow">Zenith DTT901 Digital Converter Box Review</a></abbr></em> I wish I could retire now, but like Olga said, I am too young to retire now. As Sacha said it is good to start a retirement fund early on.

Thanks for the article, it is a nice thought to think of retiring, but ill have to put that on hold for now.

Tech and Toyss last blog post..Zenith DTT901 Digital Converter Box Review

]]> By: Music Marketing http://www.datmoney.com/2009/06/how-much-money-do-i-need-to-retire.html/comment-page-1#comment-53103 Music Marketing Fri, 19 Jun 2009 08:20:01 +0000 http://www.datmoney.com/?p=1023#comment-53103 Well even if you left $2M in the bank it would generate $100k a year in interest. Plus you'd need $1m for a nice place or 2 and a couple of decent cars. As you say you don't wanna get there too late to really enjoy it! Well even if you left $2M in the bank it would generate $100k a year in interest. Plus you’d need $1m for a nice place or 2 and a couple of decent cars.

As you say you don’t wanna get there too late to really enjoy it!

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