Quote:
Originally Posted by automaton 3
Having been on both sides of the fence - saving for retirement when you have dual incomes and no kids is very easy. Saving on one income and with kids becomes much more difficult.
|
Absolutely true. And as SeeGeeWhy pointed out, your plan should be personal to you and will change as your life circumstances change. Just like everyone's current lifestyle, the ability to plan and save for your retirement years is hugely dependent on income level, debt, ability to work, and other obligations such as kids, parents, etc.
So while it's all fine and good that Person A has "x" saved up in RRSP's at age 35, that doesn't mean that Person B who works, supports a wife and kids, has a mortgage, etc. should be evaluated the same way. Apples and oranges.