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Do We Have a Retirement Saving Crisis?

{ 103 comments } Do we have a retirement saving crisis?

Do we have a retirement saving crisis? The retirement financial guys certainly think so. The National Institute on Retirement Security's ongoing research* shows that we are in bad shape collectively. There hasn't been much improvement even after a long period of economic stability. Retirement saving is still dangerously low especially for almost everyone. 90% of the households […] Read More

Why Families Should Live on One Paycheck

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Wow, a lot has changed in 5 years since I wrote this post. In 2011, I was very unhappy with my job and I needed to make a drastic change. We saved as much as we could and cut back our spending to prepare for my early retirement. A major part of the preparation was […] Read More

How to Retire In 10 Years

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Is it possible to retire in 10 years by working hard and saving a large percentage of your income? Yes, it is possible, but this requires a lot of sacrifice up front. Honestly, I think 99% of the working population don’t pay much attention to retirement and they just don’t know what’s possible. I certainly […] Read More

3 Reasons to Save More Than 15%

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How much do you need to save to have a comfortable retirement? The consensus from the financial industry is you should save 10-15% of your pre-tax income for retirement. Personally, I think this saving rate is too low and this advice is doing a disservice to young people. A new graduate who is starting a […] Read More