Why You May Need to Save Less Than You Think for Retirement
The Money with Katie Show
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How Long Will It Take You to Save?
As long as you're not actively going into consumer debt to support your life style, meaning you are only spend ding money that you actually have. So why will most people end up mostly ok? For me, it all comes down to proportionality and inertia. Every time you get an increase in income, you can recalculate our save rate based on the amount of that rays that you choose to spend and the amount that you're saving. It takes roughly 15 years, give or take crazy market moves that may push you over the edge faster or slow you down a little bit.
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