Posts
March 12, 2015
Retirement's magic number? $2.5M a good start
According to a new Legg Mason survey, the new magic number is $2.5 million.
That's right. 48 years worth of
real median household income is a good start but you'll probably "need" a full century to be safe. And greedy. Must not forget the greedy.
There's nothing more pathetic, demeaning, and outright embarrassing than being forced to eat dehydrated caviar out of a Ziplock bag. What would the neighbors say? Don't let it happen to you.
Friday: Employment Report, ISM Mfg, Construction Spending, Vehicle Sales
-
[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Friday:
• At 8:30 AM ET, *Employment Report* fo...
13 minutes ago
4 comments:
I forced myself to watch the video. These so called "experts" are so wrong on so many fronts it's unbelievable.
Social security going broke??? 7% returns? 2.5 million? WTF!
That said, the comments showed a much more grounded understanding.
mab,
You are once again a braver man than me. Taking one for the team! Throwing yourself on the economic hand grenade! We all owe you a debt of gratitude!
7% returns, eh? It's as bad as I thought. Let me guess. What can't happen over the long-term with sub 3% long-term treasury bonds will more than likely be made up with aggressive risk taking on ruskier assets?
7% returns for all eternity! There's no stopping us! Or bust.
In all seriousness, I really didn't watch the video. The premise seemed too ridiculous. I hope it offered at least some entertainment value.
There I go hoping in the face of overwhelmingly poor odds again. See? I really am an optimist, lol. Sigh.
Whenever I see this sort of thing, I'm once more struck by how out of touch the 0.1% are.
Karlo,
Yeah, that's a good summary of what I was feeling. Out of touch indeed.
Post a Comment