I’m sure many of you have talked to their parents and grandparents about their retirement plan and many of them have said something more or less like this: “As long as you send me something every month I’ll be fine.” The reason for this is that the retirement plan “traditional” in our culture used to be to live a simple life in which parents (and older) children depend on to survive (as it is fair to all the work that cost them raise us .) Unfortunately this is changing and more than ever we must plan our retirement and ensure different forms of income to live a dignified life in our old age. But how should we save for it? Les I have an idea:
What the experts say.
Experts say that your income after you retire should be around 80% of what you earn now. Of course, this varies depending on the lifestyle you take before and after you retire.
To my mind the more as you spend.
Like the figure of 80% by this means that maybe 20% are things that you will not spend money (such as transportation, food at work, etc.) But it also means that a percentage of this is money not will be allocated to save. The retirement age is the age to spend what you have, moderately clear. So as you might need based on what we plan to spend each month after retirement.
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