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Author: ResNullius Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19380  
Subject: Re: How much does it cost to live in retirement? Date: 12/11/2011 5:17 PM
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It is really sad that less than 1% of America families are wealthy.

Makes me part of the 99% and not exactly sympathetic to the 1%


I think the low-end wealthy are in for some sobering times over the next ten years or less. Many banks and financial advisors conside low-end wealthy to be those with investable assets of around $5M or annual income of over $350K. Taxes and such are going to hit this group much harder than the truly wealthy class. These low-enders are doctors, lawyers, dentists, CPAs, and other such professionals that are used to making in the $350K range, and the frequently spend like they are in the $500K or more range.
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