Hey, I'm not in the doom and gloom business here. Just sharing my opinions on what is being reported out there. Retirement is part of life too. The article title "$1 Million Doesn't Cut It For Retirement" is self-explanatory. What is interesting is the recommendation from people they polled, who are (and rightly should be) financial number-crunchers.
Gist of their advice: save at least $2 million for retirement.
Real-life Translation: Make more money.
"I'm already doing all that I can!" -- Dude, there is a better way than picking up jobs #2,#3 and #4. Read my previous post.
How about making increasingly more in retirement than when working?
Gist of their advice: save at least $2 million for retirement.
Real-life Translation: Make more money.
"I'm already doing all that I can!" -- Dude, there is a better way than picking up jobs #2,#3 and #4. Read my previous post.
"I've never been a big fan of planning to earn less in retirement than you are making now... I'd like to see an individual continue making the same amount of retirement as when he was working."Now forgive me if I blow your mind with this last statement.~Bill Smith
President of Ohio-based Great Lakes Retirement Group
How about making increasingly more in retirement than when working?
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