I’ve crunched a few numbers. Considering a 12K deposit in 2007 (and adding 3% to my contribution each year) for the next 20 years, here’s what my retirement account might look like in 2027. The following chart reflects possible returns of 6% to 14%. Year Annual Deposit 6.00% 8.00% 10.00% 12.00% 14.00% 2007 $12,000.00 $12,720.00 $12,960.00 $13,200.00 $13,440.00 $13,680.00 2008…
A Strange Joy AKA How To Change A Tire And Still Be Happy
I am not a mechanic, nor do I play one on t.v. I CAN change the oil in my automobiles, as well as air filters and radiator fluid. Beyond those simple tasks, I’m in the dark. Alas, yesterday, I realized that my left-front tire on my car was FLAT. I don’t mean leaking, or sagging, or a bit deflated. It…
Retirement Decision Made: Sticking With Dave
Dave Ramsey suggests that 15% of household income should be invested in retirement. My wife and I will make a pre-tax, pre-health care, pre-withholdings (gross) combined salary of about $80K in 2007. (This salary includes my job, her job, and the income that I hope to make from my various web sites. 15% of our gross salary would be $12,000.…