Lets Talk Retirement Savings

[CivicFan]

We save some but with a fairly large student loan debt, saving is not easy. I just wish I knew what I know now when I was 18. I would have become a doctor - have the same amount of debt as one but much less earning potential.

 

[rjundi]

Overall we manage about 10-15% of gross income/year. My wife works for a non-profit turning profit hospital soon. She gets a 5% match. Not sure how the profit company (Cerebus eg Chrysler) who bought her Hospital system up will do.

We are 37 and have about $200k in retirement. Honestly have no idea what that translates to at retirement for us.

 

[CivicFan]

My experience with working for private equity owned companies has been steady efficiency improvements and erosion of benefits over time. The efficiency improvements were labor based - basically, layoffs every two weeks. The reason behind it to show a healthy balance sheet and income statement and then flip it and let the next owner figure out how to make the company survive in the long run.

I am not saying that Cerberus will do that but would be very surprised if they didn't.