The Economic Policy Institute recently published some charts focusing on the state of retirement savings among working families in the United States today. I’m not sure what they determine exactly constitutes a ‘working family’ – since most Americans live in 1 or 2 member households – but assuming the definition is reasonably broad, the data was interesting. It showed the amount of retirement savings that … Continue reading Millionaire Status in FIRE – How Does Your Savings Stack Up?
Today would have been the 28th Anniversary of the start of my career at The Pillsbury Company in Minneapolis, back in 1989. I loved working for Pillsbury and became good friends with the Pillsbury Doughboy over the years. Instead of starting the day at 7am with a sprinkled, chocolate donut (a Mr. FireStation favorite) like I did back in 1989, I will be sleeping in … Continue reading Work Anniversary – How Are Our Retirement Savings Holding Up?
No words of wisdom from the FIRE Station this morning – just some interesting numbers to put your journey to FIRE into some perspective: AGING 50% of Americans are retired at age 63 18 years is the average length of retirement 13% of the US population is over age 65 today 6.1K Americans turn 65 each day 10.K Americans retire every day 55% of Americans … Continue reading Numbers To Put Your FIRE Journey In Perspective