Well, in 25 years if they can manage to put away $2,000 each into an
IRA and have tax-deferred growth and maintain a growth rate of about 12% a
year which, by the way, is what the stock market has been averaging, they
will have accumulated approximately $600,000 by age 46. A couple with
children, I would think a million dollars would be a safer bet.
What inspired Billy and Akaisha, Mark and Jill, are books like these by
authors who live the life many of the rest of us long for. And websites
like this one which as a public service, helps YOU do the number
So I had to decide how much was enough for us. When we first started we
had a goal of $50 a day, and we divided that up into categories, and weíve
increased that now to $60 a day.
Financial planners say itís important to save for retirement
regularly, no matter what your age.
We recommend always... save till it hurts. Number one, if you have
retirement plans, maximize whatever can be put into those retirement
plans. Most plans do have an employer match, so youíre leaving money on
the table if youíre not maximizing retirement plans offered by your
Billy and Akaisha average well over 12% a year on their investment, so
at that rate they still have thousands left over each year to reinvest.
Works for them, but there are some things to think about.
Number one, you should have a good health insurance policy. You should
consider a disability or an accident insurance policy, and also be aware
that the stock market is going to have its ups and downs so your portfolio
should be diversified.
Well, we do carry insurance through a major company, however we do
carry high deductibles because we figure if we need to go to a doctor, we
can afford to pay that, and if you go into another country such as Mexico
where we spend so much time, a doctor visit down there is about $12 or
$13. Plus the fact that once you retire, you eliminate lots of stress in
your life and you tend not to be sick.
So what if the stock market collapsed, say as much as 50%, would Mark
and Jill have to start all over again? Are they prepared? Have they
thought it through carefully enough?
Well, yes we have and life is a risk. You really donít know what
tomorrow will bring, but weíve planned for that and we do intend to have
medical insurance. And, if things change along the way, maybe we will have
to go back to work, but we are ready for the challenge.
We are happy.
Iíve never been so happy in my life! I feel like for the first time Iím
living my life. Before I was ďdoingĒ my life, now Iím living my
About the Authors
Billy and Akaisha Kaderli are
recognized retirement experts and internationally published authors on topics of
finance and world travel. With the wealth of information they share on their
they have been helping people achieve their own retirement dreams since 1991.
They wrote the popular books,
The Adventurerís Guide to Early Retirement and
Your Retirement Dream IS Possible.
information about financial independence and travel, visit our