Americans may be working longer than ever, but many younger workers still aim to commence their golden years around age 65
To retire at 65 and live on investment income of $100,000 a year, you'd need to have $2.5 million invested on the day you leave work. If you reduced your annual spending target to $65,000, you'd need a starting balance of about $1.6 million in a taxable investment account. Brian Fry, a certified financial planner at Safe Landing Financial, recommends an asset allocation of 60% stocks and 40% bonds to ensure the account's growth and provide a steady income for decades.
To retire at 65 and live on investment income of $100,000 a year, you'd need to have $2.5 million invested on the day you leave work. If you reduced your annual spending target to $65,000, you'd need a starting balance of about $1.6 million in a taxable investment account. Brian Fry, a certified financial planner at Safe Landing Financial, recommends an asset allocation of 60% stocks and 40% bonds to ensure the account's growth and provide a steady income for decades.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Here's what you should know about Medicare costs if you're nearing age 65Although some consumers mistakenly believe Medicare is free, it comes with a variety of expenses — which means you should plan ahead to avoid costly mistakes.
Leer más »
'Big Short' investor Michael Burry is calling passive investment a 'bubble.' He's not the only finance luminary sounding the alarm.'The metal of active managers should shine through now,' said Bill Adams, the chief investment officer of fixed income for MFS Investment Management.
Leer más »
Crocs Are Cool. Yes, Really.Heard on the Street: You don’t need to like the look of Crocs to find the company that sells them an attractive investment
Leer más »
Every Sync Pair in 'Pokémon Masters' at launchThere are 65 Sync Pairs at launch.
Leer más »
I'm 31, Make $87,000 A Year & I Have Stage Three Cancer'I hate concerts. But I love John Mayer... I've been on the fence worried that people would stand for the whole show and my body can't take standing for that long. I often get sick of being sick and crave normalcy so I say 'fuck it' and get 2 tickets...'
Leer más »