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Reply to "More Teachers become millionaires than doctors?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] Aren't all 40-something with a college degree, millionaires these days? I certainly hope so. [b]Because 1M won't get you very far anyway.[/b][/quote] Sigh, this old trope again. If people take the time to learn investing and understand how to get a 6%+ withdrawal rate using high-dividend stocks - instead of the ridiculously low 3% that is conventionally used - then $1M gets you $60K+ of income for the rest of your life. Barring major health issues, that's enough for a couple with no kids to live off forever.[/quote] Yeah but some of us want a nice retirement. [/quote]
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