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A Southern California couple who worked ‘blue collar’ jobs plans to retire comfortably thanks to 3 strategies they started years ago

“He estimates that his Social Security income will be about $4,000 per month, but estimates that their retirement income will be significantly more thanks to stocks and bonds, dividends, rental income, and retirement savings” writes Liz Knueven for businessinsider.com. By starting to save early, their contributions had years to grow and earn compound interest, through which interest earns interest on itself.At 28, Corky started his own business and set up a 401(k) at his company, and Patti contributed to one at her job as well.As self-described “blue-collar workers” in expensive southern California, Corky and Patti Ewing never thought they’d be able to really retire.But with his business up for sale and years of preparation, the Ewings estimate that their assets and Social Security income will give them a comfortable retirement income.
 
Source: businessinsider.com



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