The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retire Well on Less

URL:  http://boards.fool.com/quotwith-low-expenses-you-dont-need-4mm-or-28361934.aspx

Subject:  Re: Win the lottery...and keep working? Date:  3/10/2010  5:43 PM
Author:  pauleckler Number:  1361 of 1483

"With low expenses, you don't need $4MM, or even $1MM."

When I retired 10 years ago, I would have said the same thing.

But I did not anticipate the massive increases in health insurance costs in those ten years. This problem has to be solved.

Also the dot com crash took quite a toll, but I made it back in the real estate boom.

Thank goodness for some wiggle room. It helps to have reserves to cover the unexpected.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us