Quote:
Originally Posted by Mean Mr. Mustard
What the heck are you planning on doing when you are retired that it will cost you 120,000 per year? You are saying that you will need to save over three million dollars, for the average family in Calgary, that would involve saving all of their money for the next 35 years.... before taxes. Such a ridiculous number to use....
|
You may start by investing in your reading comprehension.
I used the $10,000 after tax number as an easy example and suggested that people should use their own income number they are comfortable with.
Now, to how ridiculous it really is, I don't know. If we have to start paying more taxes (which it looks like we will soon), paying more for health care (which it looks like we will) and receiving little or no CPP in a decade or two (which it looks like we will), then my $10,000 after-tax number may be too small, actually.