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Reply to "And that’s the $5M point "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We just crossed it, this morning, based on this market price advance. (Investment portfolio, not counting house.)[/quote] That is nice. But I just heard you now need ten million to retire. It is a big milestone. But what gets me mad is I was told when did my first 401k if I hit one million I could retire rich!!, then around 10 years ago Suzie Orman started pushing you really need 5 million to retire. Ok, I get it inflation. Now in the last year or so people are pushing you need 10 million. They are staying 5 million is ok if you are 65 today but a 45 year old person will need at least 10 million by the time they retire. When does it stop? I guess kids in college today will need 20 million to retire. [/quote] You're only just now discovering the concept of inflation? [/quote]
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