Re: Am I missing something here about planning for retirement???

7% accounting risk factoring, I'd feel better compensated from insured
or quality instruments at those rates. Talking to a guy tonight,
shooting the what's-it-take scenarios. I'd say he's worth $3M, though
beside the point. What he told me is that his min. overhead is $12K
mnthly, along with spouse and accustomed living style - so, he says
around $50K monthly to cover it all. Whereas I, we agreed, can go
considerably less. Money doesn't affect me, people are apt to remark -
regardless of his idea of adjusted inflation, over what I countered as
somewhat within diligent sales buying opportunities. Aside from the
future, to me, 1M is questionable as an arbitrary setpoint to determine
a realistic estimation in the first place. He mentioned he liked
traveling and a enjoyment of life that entails spending money, whereas
I see money as potentially kinetic means above and beyond what life
imposes as necessities. Call it the way you see it.

Midsection is revealing within the last proposition. I'd say
statistically, demographically, yes, it is a bust. What you're missing
is: The market is one possible means to that end. Guy above is a
7-day, 12-hr work proprietor. QQQ scares him. Me, could be I've found
a suitably risky game which needn't involve a dark alley or knives.

Viking wrote:
> Pundits say to expect only 7% return from the market these years. OK.
> Inflation runs at, say, 3.5% (a low estimate given what's happening to
> oil). OK, that leaves a return of 7% - 3.5% = 3.5%. Say taxes and fees
> (broker/fund/etc) take part of that, leaving your yield at 3%.
>
> That's 42 years, if you can invest $1,000 a month, which most people
> can't. How many people do you know who invest $1,000 a month for
> retirement?
>
> So tell me: is the market way a bust as far as saving for retirement
> goes for the vast majority of people??? Am I missing something? How
> are people going to be able to retire?