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Reply to "Top 1% of Retirees Have 16.7M"
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[quote=Anonymous][quote=Anonymous]3.2M is not even close to wealthy.That is only 128k in annual income before taxes. That is not even the 75th percentile for household income. That is a solidly middle class income and it will provide you an acceptable retirement, but not a life of luxury. [/quote] This is a weird analysis. A solidly middle class income from *not working* is not the same thing as being middle class. Middle class is when you work for $128k before taxes. $128k before taxes from investment returns, with $3.2M still in the bank, is a different kettle of fish.[/quote]
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