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.
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
'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. 'mettle', not metal.
Weiterlesen »