Comments on: Can a 25-Year-Old Retire At 50? http://www.consumerismcommentary.com/can-a-25-year-old-retire-at-50/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Wed, 23 May 2012 03:39:10 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: savvysaver http://www.consumerismcommentary.com/can-a-25-year-old-retire-at-50/comment-page-1/#comment-877 savvysaver Thu, 15 Sep 2005 17:09:25 +0000 http://wp.consumerismcommentary.com/?p=503#comment-877 When I first read this person's question, I laughed. But after I thought about it, I figured he probably could retire, as long as he was doing other things besides saving. If he had a modest house that was paid for, and a low cost of living, he likely could retire as long as he keeps upping his savings and not increasing his monthly expenses. I think part of the problem with retirment savings is that many people spend a lot of their income pre-retirement and want to maintain that lifestyle, as well as travel, and that just isn't financially feasible for most. So, if you are saving a large portion of your money pre-retirement, then not only will you have more, but you will be accustomed to a more sustainable standard of living come retirement time. When I first read this person’s question, I laughed. But after I thought about it, I figured he probably could retire, as long as he was doing other things besides saving. If he had a modest house that was paid for, and a low cost of living, he likely could retire as long as he keeps upping his savings and not increasing his monthly expenses.

I think part of the problem with retirment savings is that many people spend a lot of their income pre-retirement and want to maintain that lifestyle, as well as travel, and that just isn’t financially feasible for most.

So, if you are saving a large portion of your money pre-retirement, then not only will you have more, but you will be accustomed to a more sustainable standard of living come retirement time.

]]> By: nyc money http://www.consumerismcommentary.com/can-a-25-year-old-retire-at-50/comment-page-1/#comment-876 nyc money Thu, 15 Sep 2005 08:03:23 +0000 http://wp.consumerismcommentary.com/?p=503#comment-876 I think everyone thinks that way when they are young, but the prime years for earning is in our 40s and 50s, so I think most people should be okay as long as they save enough than. I think everyone thinks that way when they are young, but the prime years for earning is in our 40s and 50s, so I think most people should be okay as long as they save enough than.

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