Rhode Island Nesties
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
retirement
guess what I learned today? that I should have 1.6 times my salary in my retirement fund by age 35. huh. I thought I was doing well!
Re: retirement
I saw your post on MM and was surprised at that figure. While it would be great to have that saved, it's definitely not necessary to have that. The article she took that from had a lot of assumptions - retiring at 60 instead of 65, for example. The other big one was that you were aiming to have 80% of your current income as your retirement income. I think that's a pretty big overestimate for most people. For us, our mortgage and current retirement contributions are more than 20% of our income. When we retire, the house would be paid off and we obviously stop contributing to retirement funds. So, if we got 80% of our salary, we'd have a higher income than pre-retirement.
Anyway, sorry for rambling... but you could be doing well saving for retirement even if you don't hit those exact benchmarks.