Quote:
Originally Posted by ComfortablyNumb  Well ... WHY? What's the motivation? |
I think that one reason is that you need to earn money to support yourself during your retirement years. For some back-of-envelope calculations, assume that you intend to stop working when you're 60; that you'll live till you're 80 years old, and during this period, your average monthly expenses are $X.
The amount of money you'll need to support yourself during your retirement is therefore $X x 12 months x 20 years.
Do the maths. Normally, it scares the hell of a lot of people.
