Tuesday, May 30, 2006
Concerns About Savings, Dealing With Debt Arise
Their dream is to spend more time with each other, and once in a while, go canoeing or take a trip to Europe. But Willie and Jennifer Jackson of Hampton, Ga., worry that their savings might be too little, too late, to allow them to retire in 10 years and live out their dream.
The couple began building up their retirement funds only five to seven years ago. So far, they have about $80,000 combined in workplace retirement plans. Also, they each have a traditional pension plan that will pay them a guaranteed monthly sum in retirement. Willie Jackson, 51, is already collecting a military pension.
Still, he's worried that they're not saving enough: "I don't feel like we're where we should be. We just got a late start," he says.
Concerns About Savings, Dealing With Debt Arise
Source: USA Today
The couple began building up their retirement funds only five to seven years ago. So far, they have about $80,000 combined in workplace retirement plans. Also, they each have a traditional pension plan that will pay them a guaranteed monthly sum in retirement. Willie Jackson, 51, is already collecting a military pension.
Still, he's worried that they're not saving enough: "I don't feel like we're where we should be. We just got a late start," he says.
Concerns About Savings, Dealing With Debt Arise
Source: USA Today
Permalink posted by armandn @ 10:41 AM 
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