$120k/yr is a very healthy retirement after you have paid off assets and lower expenses. Yes it’s enough, unless you’re unlucky with health issues which would be a problem if you were at $200k/yr as well.
They’re setting the system up so no matter how much people have, they’ll get fleeced until nothing’s left. There’s elder care, health care, etc, all private, all super expensive. They want you to spend all the money you saved and sell your house.
This makes too much sense. Two classes between the haves and the have nots is desirable to the ultra wealthy.
It’s alarming that you can do everything right, put yourself ahead of 90% of the population, financially speaking, and still end up broke.
I’m surrounded by the type of people this article is directed at. It’s amazing how easily expenses can inflate with income.
My retirement plan is a bottle of Lagavulin 16 and a bullet in a Taurus 605. Probably won’t cost more than $500.
Keep the expenses low and you don’t have shit to worry about 😎
This is problem. How can we afford kids now if we need 200k per years saved in 401k???