I have read similar advice from many money mangers but never really figured out why I would need my current income to retire on if I live on less than a third of my current income now? Plus everything I own is paid for, my current company retirement, which is made and maxed out, will pay me about half of what I make now, I have retirement accounts and savings and income producing cattle etc. Granted, illness may strike, if illness strikes me and its bad I'll just croak instead of pay but if it is my Wife I would pay. Otherwise I don't get the need to match my current income in retirement, I mean where does it end, how about if a persons income substantially increases 3-5 years before retirement?
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Today's Featured Article - Talk of the Town: The Saga of Grandpa's Tractor - by The following saga is from the Tractor Talk Discussion Forum. Someone. The saga starts with the following message: Hey guys I have a decision to make. I know what you all will probably suggest and it will probably agree with me way down inside, but here it is. I have a picture blown up and framed in my "tractor room" of a Farmall M. It was my Grandpa's tractor, of which whom I never got to meet. He froze to death getting this tractor out of the barn to pull a truck out of the ditch before I was born. Anyway my dad and aunt had to sell it at the auction,
... [Read Article]
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