save more, spend less

On Friday during the ILW (Intensive Learning Weekend) I gave a speech where I hinted that most people would probably need to save more than $19,500/year in order to have enough money to retire.  In other words, maxing your 401k and IRA contributions probably won't be enough for you.  One of my favorite bloggers recently made a similar point.

http://baris.typepad.com/venture_capitalist/2007/10/why-is-this-fam.html

Comments

[baris]

Thanks for the mention!
Baris