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Reply to "How much do you need for an UMC retirement?"
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[quote=Anonymous][quote=Anonymous]Suzie Ormon ballparked you need a minimum of 5 million for a couple to retire. Remember, you could live to 95 and if you retire at 65 and married that is 60 years worth of living costs if both live to 95. All is takes is a 10 year bear market and/or 10 years worth of low interest rates to make your 4 percent withdrawal rates eat up your funds. [/quote] Then almost nobody would ever retire. These people are charlatans. Some of their advice is useful for people who are really terrible with money. [/quote]
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