Observations on life

Millennials’ new retirement number? $1.8 million (or more!)

imageMillennials have more than enough financial worries. Now they can add about 2 million more to their list.

Source: Millennials’ new retirement number? $1.8 million (or more!)

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1 reply »

  1. The so called money needed for retirement numbers are not even a good guess, in most cases. Sure the money managers want you to invest more in your retirement plans, that way they make more money in fees. No one I know is living large in retirement, most are spending no more than $20,000 on utilities, food, insurance, and transportation. No mortgage, no debt, not even a car payment, that is the secret. I know people who have dumped cable or satellite TV, for cheaper streaming services or just use an outdoor antenna, old school, for free TV. Average savings $720 per year.
    People need to be taught money management, many waste hundreds of dollars per month on things they really do not need.

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