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Reply to "Median Retirement Savings of Pre-Retirees is $17,000"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]eh a lot of those people probably have pensions worth 1-2M maybe even more.[/quote] LOL!!![/quote] You can say that again. Talk about whistling past the graveyard! It is very unlikely that these people have private pensions. And to previous PPs talking about whose fault the low savings is, I didn't start the thread (OP here, obviously) to discuss blame. I wanted to provide a reality check to the other out-of-touch DCUMers talking about reaching the $2m mark in tneir 40s as if this were a common occurrence. Only 5% of households reach $2 million - ever. If you reach retirement with a $1 million net worth, including home equity, congratulations. You are among the top 10% in the country. [/quote]
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