Retirement savings

[CAL]

I'm curious how much of your income ya'll are saving for retirement.

[Zimmy]

12% to company 401K and 5% more to a company stock buying thingamajigy.

[Zimmy]

I could have done a couple of thousand more, but missed the full amount in the 401K by not contributing enough. That crap is hard to figure when you are on an hourly rate. My pay fluctuates 300% during different times of the year.

[Dirt_McGurt]

5%.....and I am struggling to do that.

[Ferret_LE426]

I am late in the savings game. However I am 4 years left to pay off my house.
I figure I should not rely on the City pension for everything I am still going to work once I move home.
When I move home I will have no Debt except living expense.
I have 9 years left till I retire or 14 until mandatory retirement (for my job)
What amount should I try to save now based on me being 40 years old?

I think that 10 % until my house is paid off is a good deal or am I to conservative?

[CAL]

Originally Posted by Ferret_LE426

I am late in the savings game. However I am 4 years left to pay off my house.
I figure I should not rely on the City pension for everything I am still going to work once I move home.
When I move home I will have no Debt except living expense.
I have 9 years left till I retire or 14 until mandatory retirement (for my job)
What amount should I try to save now based on me being 40 years old?

I think that 10 % until my house is paid off is a good deal or am I to conservative?

Bro, to answer that question requires more information such as how much (what percentage) of your current income will you need during retirement, how much do you have saved already, etc.

There are many options when it comes to saving for retirement. It is recommended that you arrange the funds to sustain you through your retirement years while you are still young. For one thing you will be able to save more so you will get more money to live off of when you do stop working. It may seem like a hassle but it is worth reaping the rewards later on.