I was really surprised by the financial calculator. I really hadn't given this topic much concern. I hadn't thought about setting aside a significant amount of money each month for retirement. Right now I am currently working on managing my finances for grad school and have been contrasting different loan options including varied interest and repayment times. After graduating from grad school I intend to focus on repaying my loans, I hadn't considered needing to set money aside for retirement at the beginning of my career-however I can understand where this would be important. If you set aside money early it can begin to accumulate interest and over time increase your investment. I also remember hearing on the news recently that each child generally costs around 200,000 to raise-not including the cost of college. I enjoy kids and I had anticipated saving money to begin a family, but I didn't realize how many different things would need my money at the same time.
Throughout our discussions I feel that we have determined that it is beneficial for longevity to minimize stress and live a simple lifestyle. However, I am confused at how to make this happen when we have so many stresses in our lives-including planning financially for the rest of our lives starting now. Financial planning for the long term future is definitely an interesting aspect of aging that I had not seriously considered until now.
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