31 December 2008

retirement

on that list of things i was gonna do was "get finances financy" so although i've got an employee stock option plan thing at work, i decided to invest just a little bit into a 401k (which the company doesn't match).

so i looked into everything, filled out their retirement worksheet, and came up with a figure of $459 a month.

that's $459 every month, into a retirement account, just so i can retire at 80% of my current salary at the age of 65.

i don't know about you, but $459 a month is not exactly the kind of money i have lying around....

granted, i'm starting at age 33, but... yikes?

4 comments:

Jason266 said...

Yeah, yikes. I suspect that I will never be able to fully retire.

Brant A. Zurliene said...

Mike, I mentioned my retirement plan in my blog this morning. It involves burying (planting) a large sum of cash. Could I borrow a large sum of your cash?

Mike said...

yeah, you guys have kids, too... how the hell is that supposed to work?

yes, brant, you may borrow a large sum of cash from me. right after i get one.

Brant A. Zurliene said...

Having kids is the best retirement plan, period. Unless they are retarded and or can't hold down a decent job. That's when you sell them to the circus for whatever you can get...
Mike, how much did your real parents get for you...?