We are not sure how much income we will need in retirement. Will we need 70% of our normal income? 80%? Less? I think it must all be effected by how long we live.
A quote recently seen: "Some working people spend only 30 percent of their income, while others spend 150 percent. It is your preretirement spending, not your income, that affects the predicted cost of retirement."
Interesting thoughts. How much of our income are we spending? Saving? Giving? Soon the quarter will end and we will examine our monthly expenditures. We can say our budget has been blown with the costs of fuel for the car and the utilities.
'til later
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Baby boomers are kind of in a bit of a sticky situation these days. The state of the economy has thrown a wrench in things. Retirement is tricky.
Keep in mind, one company will be there for you to help you navigate through retirement so you can enjoy your golden years to the best of your ability!
AARP is a great source of services and information that can be beneficial to the quality of life. What's great about AARP is that a membership comes with prescription and travel discounts!
AARP has teamed up with talk show host, Cristina Saralegui and made a fun, customizable video and you're just a click away from being the next guest on Amigos Live! Check out http://www.upclosewithcristina.com/video to learn more and make your own video!
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Definitely check out AARP for yourself or a loved one. There are really are some great benefits to joining!
I hope it's alright that I commented on your blog -- wanted to let you know about the fun video with Cristina and AARP's great benefits. If you have any further questions, please don't hesitate to email me.
Thanks!
Isabella Coldivar
AARP Ambassador
isabellaAARP@gmail.com
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