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Reply to "How much do people have saved for retirement?"
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[quote=Anonymous]They actually have plenty in the 401k. The problem is two fold a large mortgage at start of retirement and no investments that generate, interest, dividends or rent payments outside of retirement. I have roughy same 401k amount and age. But I have enough cash, bonds, stock and a paid off rental property. I plan On living off cash and maturing bonds first then started RMD on 401k only when forced to and slowly start selling stock. Your amount if 401k is not issue it is you are touch it so soon at retirement [/quote]
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