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Americans will need $1.5M to retire comfortably

Americans will need $1.5M to retire comfortably

They’ve moved the goal posts for Americans hoping to score a financially-sound retirement — and millions of workers are going to be irked.

You’re now going to need a minimum of about $1.5 million to retire comfortably — not the cool $1 million that had been prescribed for decades.

You can thank the fact that Americans are living longer, interest on savings is low and that Social Security is no longer a foregone conclusion, according to Rebecca Walser, a tax lawyer and certified financial planner.

Walser feels $1 million isn’t as long-lasting as it used to be.

Continued: https://nypost.com/2018/01/27/americans ... mfortably/

Black Blade: I remember that I would told I should have $500,000 to retire comfortably. I am still working ... damn!!!