A million dollars once felt like a clear dividing line between ordinary life and real comfort. It was the kind of money that could buy a beautiful home, cover every major expense, and still leave room ...
Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, economics, and public policy. Peter began covering markets at Multex (Reuters) and has ...
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I Always Thought I Needed $1 Million to Retire. Here Is Why That Number Matters Less Than I Thought
Investors tend to achieve better performance when aiming for specific numerical goals. Just make sure your numerical goal will let you meet your retirement lifestyle goal.
A $1M portfolio growing at 8% annually reaches $4.66M in 20 years without additional contributions. Catch-up contributions become available at age 50 and allow higher tax-advantaged savings limits.
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