Tilted Forum Project Discussion Community - View Single Post - How much do you need to save for retirement?

macmanmike6100 · 06-04-2010, 08:37 PM

there are two ways to look at it: 1) you can estimate what the future holds, and 2) you can't estimate with the future holds.

i argue the latter. this blog post about <a href="http://youarealreadyfound.wordpress.com/2010/04/15/convergence-in-the-moment/">random matrix theory</a> talks about those implications. in short, the future is ours; and I firmly believe this. isn't that what all of this "positive thinking" is about?

with that said, it doesn't mean that we don't want to be prepared for the future. after all, it's coming :-)

i think more than anything is not assuming these rates of inflation, etc. etc. -- our financial system itself may not even look like it does right now -- but instead thinking about what you can reasonably save and, hopefully, invest in the good ideas of others (via the market, from the NYSE to <a href="http://www.microfinancecongress.com/">microfinancing</a>).

i try to put away at least 15% of my net income so I have a cushion and also have savings to dig into for those big purchases/trips/gifts.

06-04-2010, 08:37 PM	#16 (permalink)
macmanmike6100 High Honorary Junkie Location: Tri-state.	there are two ways to look at it: 1) you can estimate what the future holds, and 2) you can't estimate with the future holds. i argue the latter. this blog post about <a href="http://youarealreadyfound.wordpress.com/2010/04/15/convergence-in-the-moment/">random matrix theory</a> talks about those implications. in short, the future is ours; and I firmly believe this. isn't that what all of this "positive thinking" is about? with that said, it doesn't mean that we don't want to be prepared for the future. after all, it's coming :-) i think more than anything is not assuming these rates of inflation, etc. etc. -- our financial system itself may not even look like it does right now -- but instead thinking about what you can reasonably save and, hopefully, invest in the good ideas of others (via the market, from the NYSE to <a href="http://www.microfinancecongress.com/">microfinancing</a>). i try to put away at least 15% of my net income so I have a cushion and also have savings to dig into for those big purchases/trips/gifts.