About me

My wife and I have been married over 16 years and have 4 wonderful children.  She is currently in school and should start her first job teaching next August.  I earn $50,000, which is doable in the low cost of living area of South Georgia; however, my retirement savings has suffered.  I have only been able to save approximately $1,500 to date, and I’m 39.  Experts recommend twice my annual income as a savings goal at 40!

After taxes and insurance deductions, I am left with $39,000 in disposable income annually.  That is just not enough to be able to contribute to my savings goals.  Hopefully Social Security will still be solvent in 26 years and fund a large part of my retirement, but I would also like a balance of $500,000 at age 66.  Based on that, I need to save almost $8,000 per year.  I will share my successes and failures with you.