The baby-boomer class is the largest ever group in the world to retire.
Below is a snapshot of a higher middle class portfolio for retirement However if you are in the $40k to $55k annually pre retirement, and your thinking once I retire I’ll cut my cost of living to $30k. Can you see the problem with Mr John Middleclass retirement? Drawing down at a rate of $30/year Mr Middleclass is out of money in 6 years 😢
Here’s the link for this amazingly blunt article. But we need to know the truth.