Quote:
Originally Posted by Baraka_Guru
There's a question I should ask you, willravel:
Why would you have $4m sitting in cash and only $1.5m in investments?
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great question. you can't have $4M in cash just laying about in your house or even simple bank accounts. There just isn't enough banks for you to make sure you're FDIC covered, and then after that why lose value of those dollars every day, every month, every year????? that makes absolutely no sense... unless you got that cash via illegal handling and can't launder it in any way...
Quote:
Originally Posted by Seaver
I'm 25. I'm also pretty damn sure I can live comfortably well below the 70k mark by that point.
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and yes, that's the trend as well... your current lifestyle will only be a shadow of the retirment lifestyle as it declines in the twilight years. the only increase in monies is healthcare related like assisted living or old aged home.
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Last edited by Cynthetiq; 04-19-2008 at 03:26 AM..
Reason: Automerged Doublepost
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