Just finished reading an article about saving for retirement. Based on my age and the current balances in 401K and IRAs, I need to be saving 18% of my salary. That is absolutely impossible until ALL these debts are paid off!!!
Where do you stand on retirement? Is it even a possibility?
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ReplyDeleteI just caught up with yours and understand completely where you are at. One thing I do to make me feel better about my retirement savings is to calculate the principal paid on the investment properties as part of my long-term savings. After all if I keep them they would be providing me income in retirement. Or if I sell them, they will be building my cash reserves (hopefully).