Focus
Full time employment: Posting here.
- Joined
- Oct 10, 2009
- Messages
- 640
Not quite sure why I'm sharing this article on CNNMoney.com, because it's yet another example of worthless financial journalism.
You know you're in trouble when the example is a 35-year-old retiree who needs to generate $300,000 annually from investments (or in the "low cost" part of the country, $100,000). How many early retirees retire that early and need that much?
In the end, the article comes to the earth-shattering conclusion that the amount you need to have saved will vary considerably depending on your spending. A mere $2 million to $12 million should do it, the writer flippantly reports.
You know you're in trouble when the example is a 35-year-old retiree who needs to generate $300,000 annually from investments (or in the "low cost" part of the country, $100,000). How many early retirees retire that early and need that much?
In the end, the article comes to the earth-shattering conclusion that the amount you need to have saved will vary considerably depending on your spending. A mere $2 million to $12 million should do it, the writer flippantly reports.