DH and I will be retiring March of 2015. He will be 54 and I will be 47.
Best way to save for retirement is have the mind set... If we don't have cash for it, we don't need it.
Someone who is starting in their 40s is way behind the game.
We knew 15 years ago we wanted to retire early and Full time RV.
We have lived well below our means for all those years, paid off houses early, and dumped every bit possible into DH 's 401k,
I started an IRA, and we stay away from the stock market. Why be at the mercy of some hedge fund manager? Yes, we may have missed the market on the way up, but we also missed it on the way down.
Create your own destiny. We had a goal and did everything in our own power to make it happen.
We hope to live long enough to run out of money, in fact, we will be elated with that, and have plans for that also. We are going to have a hell of a great time while we are physically capable.
In fear, life is only half lived.