I am reading the above mentioned book, written by Henry K. "Bud" Hebeler, and I am already scared.
10-15% a year, which is what we were paying into our retirement, does not seem to be cutting it as a long-term strategy.
I'd share what I learned with my peers, but you good folk have the author and the title of the book now, so you can go borrow it from the library as I did, and I'm afeared of mentioning what I learned to my friends because the ones who care about this stuff have already retired, and I don't need to hear "oh that doesn't apply to me because I have a trust fund" nor the sobs of people I like when they reflect on their situations and regard them as hopeless.
I'm not out to make you cry -- like I mentioned, you're probably already retired or on track; or if you're only doing 15% in the 401(k) and maxing out the Roth IRA like me, you're just a few clicks away from learning how to change your consumption patterns so you can save more. I'm just saying I was complacent without good reason, and I'm now scared into making better decisions or cutting back further.
Right after I blow $678.11 on R-38 insulation for my attic.
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frequently I wonder if I'm the one in my peer group who's behind, and how I can catch up. I wish I had more friends I could discuss this openly with.
'Getting Started in a Financially Secure Retirement'
October 23rd, 2007 at 10:00 pm
October 23rd, 2007 at 10:35 pm 1193178940
October 24th, 2007 at 03:06 pm 1193238402