The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: The myth of the $1 million retirement||Date: 4/24/2006 4:03 PM|
|Author: Matt1344||Number: 51362 of 82324|
Many folks stress about being able to retire. Several of us on the boards have retired with less than what the talking heads say we have to have and are *somehow* managing to enjoy our lives in spite of lacking endless amounts of money...
The myth of the $1 million retirement
Ignore the experts who say you'll need a vast sum to ever quit working. How much you need to retire is really entirely up to you.
By Liz Pulliam Weston
Social Security's in trouble. Pensions are biting the dust. America's savings rate is abominable. And every time you turn around, some pundit is warning that if you haven't already put aside some vast sum -- the number changes, but it's always immense -- then you have no hope of ever retiring.
Feel like giving up? Don't.
The truth is, nobody knows exactly how much you, or anybody else, is going to need for retirement......."
And as the bible tells me...
"Matthew 6:33-34 (New International Version)
But seek first his kingdom and his righteousness, and all these things will be given to you as well. Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own."
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|