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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (772122)	2/28/2014 3:27:22 PM
From: i-node	Respond to of 1575338

>> Your doctor’s retirement plan may need CPR I'm a lot more concerned about my own retirement plan than I am my doctor's.

To: puborectalis who wrote (772122)	2/28/2014 10:34:02 PM
From: J_F_Shepard	Read Replies (1) \| Respond to of 1575338

Indeed, the Fidelity analysis finds that the typical doctor isn’t able to save 15% or more of his annual income until after age 50. I don't believe that........I had a full 10% taken out of my salary for company stock purchase and the max allowed for 401K......and I was still able to add more to my own accounts.... assumption–that your retirement income needs to be pretty close to your working-life earnings–starts to break down when you’re talking about the needs of higher earners. Yes, it does break down.....generally your mortgage is paid off, your kids are thru school and married. But if your investments have grown and are paying off there's no reason you can't get close to your last salary.....and at some point you have to start taking out your IRA savings and the 401K.....and then your awash in cash....