ncbill
Thinks s/he gets paid by the post
More HCOL, "rule of thumb", big city nonsense. Is there a definition of 1.4M? Investable assets vs. net worth, for example?
In many parts of the USA, 2 SS checks, paid off house and car(s), no debt and $600,000 of investable assets will produce a comfortable life style. Total net worth would be well under $1M. 1.4M of investable assets, using the same scenario, would be princely.
These writers need to take a month long trip, by car, across the US-avoiding any city of more than 1M people. It might just add common sense to their articles.
Close relative did the above nearly 25 years ago when they retired from their blue-collar job w/ a paid-off house, & investable assets closer to $60,000.
They've enjoyed life just fine since with their modest (but COLA'd) pension & nearly-free retiree healthcare.
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