Reply to What HHI does a family of 5 need to feel comfortable: NW DC or close-in Bethesda/Nova

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There was thread recently on Reddit where they mocked DCUM for its cluelessness.  This is why.  If you need 600k to be comfortable, you are doing something wrong or your head is up your arse.[/quote]

If you read the budgets of all these "need $600k to be comfortable" posters, the fine print is that they are saving $8-15K/month IN ADDITION TO RETIREMENT.
So yes, if a line item in your budget is to save vast sums of money each month, you are going to "just be making it" on a 1% income. 
[/quote]

that 8-15k is for retirement...most wealthy people's largest retirement assets are not an IRA or 401(k)... my taxable is far larger than our combined 401(k)s and will always be. If you are making 600k + you need to save WAY more than the max 401k allotments to be in any shape to retire comfortably. [/quote]
how do you save? just a savings account?[/quote]

boring old brokerage account (ETFs, Index Funds, etc)[/quote]

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