Forget $1 Million: Here’s How to Retire on a Lot Less
May 09, 2019 at 06:00 AM EDT
You’ve no doubt heard the “wisdom” that you’ll need a million bucks to have any hope of retiring. If you’re like most folks, you’ve probably wondered how you’ll manage to save such a huge stash. Maybe you’ve given up and resigned yourself to working till you’re 100. I can’t blame you. Because with the rising cost of everything these days, finding an extra seven figures during your working life seems like a massive mountain to climb. This is why I’m writing you today. I’m going to show you two things: A plan for saving a million bucks, if you want to, and … Why you don’t need anywhere near a million dollars in the first place (thanks to three 6.8%-yielding funds that let you clock out on hundreds of thousands of dollars less, without selling a single stock in retirement, to boot!) How to Build a Million-Dollar Nest Egg Let’s start with the numbers behind the million-dollar figure that Wall Street loves to tell us is the bare minimum for a decent retirement.… Read more