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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: tom pope who wrote (63126)4/22/2006 3:23:38 PM
From: Bearcatbob  Read Replies (2) of 206114
 
One good way to look at it to ask what type of nest egg is needed to yield a comfortable income. I was listening to a financial call in show this morning and the guy made the point that a million is not anywhere near enough. Say the yield is 5% and then figure in taxes - you do not have a basic middle class life style. Yields beyond 5% start getting into risks not acceptable. I suspect that many people retiring in the next 10 years will have had many years of company 401Ks and will be north of a million.

Bob
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