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Investing/Strategies / Retirement Investing
|Subject: Re: Asset Allocation||Date: 4/6/2006 4:28 PM|
|Author: vickifool||Number: 50941 of 76418|
What is the best asset allocation for someone either retired or on the verge of being retired?
Here's the answer!
Also, just how much money do YOU think a person needs in order to retire?
Depends on where you want to live, and what sort of life-style you want to lead.
I actually figured it out when I first came to Motley Fool. I entered 5 years of our expenses in Quicken and looked at them to see what I wanted to change. Then I estimated our tax burden and added that in. We needed $2,000,000, but we live in an expensive area. And I don't remember if that included college and weddings for the kids or not.
I'm currently figuring it out again.
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