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[quote=Anonymous][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]

Stupid question but my parents never invested and I don’t know anyone who does. How does someone go about learning how to do this? [/quote]

NP here. It's not a stupid question. There are lots of great resources online but for beginning investors the big rules are 1) max out your 401K. Don't get too bogged down in which plan to choose, just pick one. 2) Put away a good amount of money into an emergency fund in a savings account (preferably one that gives you interest) 3) when you have a good emergency fund squared away, invest in index funds. Vanguard is good. [/quote]

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