Most Millennials Don’t Expect to Become Millionaires

Most Millennials Don't Expect to Become MillionairesEach of us is now responsible for saving for our own retirement, but many young people aren’t feeling particularly optimistic about their ability to do so. Most millennials (64 percent) say they don’t expect to be able to accumulate $1 million for retirement over their lifetime, according to a Wells Fargo and GfK survey of 1,005 millennials ages 22 to 35 who are employed U.S. residents, but not working in…

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Do We Really Need $6,340,998 to Retire?

Do We Really Need $6,340,998 to Retire?Have you thought about how much income you need after retirement? If you have, chances are you tried one of these online retirement calculators such as the AARP’s retirement calculator. I used my old salary and it estimated that I would need at least $6,340,998 to retire at 40. (Mrs. RB40 retires at 60.)Unfortunately, I must confess that we haven’t reached that goal yet. Try it out and share your…

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3 Easy Steps to Retire By 40

3 Easy Steps to Retire By 40Excerpt Courtesy of Retire By 40 Last time I wrote about the Retire By 40 Movement and why everyone should at least think about retiring from their career by the time they are 40. Today, we’ll dive into how this could be done in 3 easy steps. Well, these steps are easy to say, but they are not that easy to do. Most people finish college around the age of…

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How much money do you need to feel ‘rich?’

How much money do you need to feel 'rich?'How much money do you need to feel rich? Wealth is a subjective concept, but one thing is universal in most definitions: being able to live a comfortable life without having to work. “I’d like to have enough money so my family and I wouldn’t have to work anymore or worry about the necessities, and maybe travel a bit,” said Deborah Veale, a Southern California resident visiting New York City….

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