Comments on: Do You Know if You Are Saving Enough? http://www.marcresearch.com/blogs/merrill/2006/09/12/do-you-know-if-you-are-saving-enough/ The thoughts and experiences of Merrill Dubrow Tue, 06 Jan 2009 06:38:44 +0000 http://wordpress.org/?v=2.6.1 By: Michael Mitrano http://www.marcresearch.com/blogs/merrill/2006/09/12/do-you-know-if-you-are-saving-enough/#comment-121 Michael Mitrano Thu, 21 Sep 2006 18:09:30 +0000 http://www.marcresearch.com/blogs/merrill/2006/09/12/do-you-know-if-you-are-saving-enough/#comment-121 Hey, Merrill -- this is a very interesting chart. If these net worth numbers were all investable assets and you were to take 4.5 - 5% of the numbers, you would get the recommended annual income that someone with those assets could take from them and not eat into the principal. Unfortulately, a big part of these numbers for some groups is the value of one's home -- which you can't spend in that way. What's also scary his how quickly a few years of Alzheimer's or other nursing home care for an older person can go through hundreds of thousands of dollars. That puts a whole new light on the need to have some reserves! Hey, Merrill — this is a very interesting chart. If these net worth numbers were all investable assets and you were to take 4.5 - 5% of the numbers, you would get the recommended annual income that someone with those assets could take from them and not eat into the principal. Unfortulately, a big part of these numbers for some groups is the value of one’s home — which you can’t spend in that way.

What’s also scary his how quickly a few years of Alzheimer’s or other nursing home care for an older person can go through hundreds of thousands of dollars. That puts a whole new light on the need to have some reserves!

]]> By: Brian Ottum http://www.marcresearch.com/blogs/merrill/2006/09/12/do-you-know-if-you-are-saving-enough/#comment-103 Brian Ottum Mon, 18 Sep 2006 14:38:54 +0000 http://www.marcresearch.com/blogs/merrill/2006/09/12/do-you-know-if-you-are-saving-enough/#comment-103 This 2004 Federal Reserve data is extremely enlightening. Thanks, Merrill! Has anyone seen the histogram chart showing the # (or %) of households in each Net Worth category? I've been Googling and not finding it. I don't want to have to download the huge dataset and create the histogram myself using SPSS! This is the taboo topic of conversation, but retirement planning is in the news all the time now. Most people I talk to feel bad about the amount they've saved. I highly recommend "The Number" book by Eisenberg. It talks a little about "the number" you need to retire, but A LOT about what your heart calls you to do during your later years. This 2004 Federal Reserve data is extremely enlightening. Thanks, Merrill!
Has anyone seen the histogram chart showing the # (or %) of households in each Net Worth category? I’ve been Googling and not finding it.
I don’t want to have to download the huge dataset and create the histogram myself using SPSS!

This is the taboo topic of conversation, but retirement planning is in the news all the time now. Most people I talk to feel bad about the amount they’ve saved. I highly recommend “The Number” book by Eisenberg. It talks a little about “the number” you need to retire, but A LOT about what your heart calls you to do during your later years.

]]>