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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How are you going to survive with less than a million? Lol! How do you think most people do it? They live off SS. My mom lives exclusively off hers. Her row house is paid for. Her expenses are low- taxes, utilities, food, gas. She goes out with friends and on trips with them. Reads, volunteers. She has no pension and no other savings. [/quote]

So you think the 15 or so people who have posted on here in their 40s and 50s as having more than $1m net worth in the dc area…. Are lying and actually their retirement plan in a few years is to live off social security?

Listen, I’m fully aware lots of people in the us have no retirement savings and are poor. But to claim that the people posting on dcum — a site with notoriously well educated, well employed people in one of the wealthiest highest income regions of the world where readers skew gen x — can’t possibly have as many people with net worth of a million dollars as the posters suggest….. that makes you delusional. [/quote]

I never wrote that I doubt these posters. I’ve worked for very wealthy people in this area. I know they exist. What I think is ridiculous is that the PP wonders how people retire and live on less than a million dollars. Most retirees didn’t have their entire adult working life to contribute to a 401k. Why? 401ks weren’t even in existence when they started working. My mom never contributed to hers because there was no employer match. I don’t consider her poor at all. She owns her home, pays her bills, etc. Plenty of people are in her position so obviously it’s doable. [/quote]

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