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Reply to "I'm 44, net worth of about 1.3 million "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The DCUM money forum is a weird place where you have some people who don’t know basic financial planning, like the 4% rule, posting alongside others who think $1.3 million at age 44 (which puts one in the top 10%) is a worryingly small amount.[/quote] I know the 4 percent rule but the way PP wrote it, I had no clear that ear what she was talking about. Sounded like she was saying you needed $1m for every $40k, not per year. Also the rest of her advice was ridiculous because that amount at that age is very high,[/quote] The post literally said per year, go back and look. 1.3mil at 44 is ok, not high. [/quote]
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