Originally Posted by nun
Some ludicous number is this article. Surely retirement is just a dream for 99% of us
The two key aspect are below:
1. Advisor - scare you to pay them
2. $100K/yr for one person now for retirement
Usual 'fear' article to get you to read the advise.
Not worth your time.
"William Wixon, owner of Wixon Advisors, advises
many Minnesota clients to plan for a retirement of 30 to 35 years. How can they make their money last that long, or longer? Let's say you're 65 years old, want to retire now, and expect to need $100,000 annual income
in retirement. You'll need to adjust that $100,000 to rise with inflation because, as Wixon says, "What's a loaf of bread going to cost in 30 years?Maybe nine bucks." Here are some options for you, with pros and cons."