Reply to Top 1% of Retirees Have 16.7M

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Reply to "Top 1% of Retirees Have 16.7M"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The media generally lacks perspective and context and likes to talk about "the never-before-seen transfer of wealth between the boomers and their kids".

What they fail to mention is that people have higher standards of living than in past generations and we are on our way to a multipolar world, leaving behind post-WWII American supremacy.

So yes, we'd better have money saved.[/quote]

Top contender for one of the smartest comments on DCUM. Spot on. World is changing. I’d like to retire when we have 10m plus banked. Our net worth is currently 5 plus but it’s not liquid, tied up in stocks and real estate. I’m also not sure hubby is the retirement type, he loves work and “the hunt”. [b]My dad is 85 and living off of his real estate (rented out) and 2m plus portfolio and it feels desperately stressful and low budget. [/b]Please save for your retirement folks and if possible, STOP blaming the boomers for everything affecting your sad sack lot in life!!! [/quote]

85 years old, collecting social security + rental income and has 2m portfolio and feels broke? Something is wrong with this picture. Even without social security he could live off rental income and a 4% draw on the 2m portfolio and have a solid 6 figure income, enough for a comfortable retirement home/assisted living for his last 10 years on this earth. And still be able to pass on a solid inheritance to you.[/quote]

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