“Many “normal” people who have had workaday jobs for 40-50 years NOT paying even close to $400K a year, have lived within or below their means, and have saved smartly, easily can have at least that much in investments.”
Not many normal people even with above average incomes have $10 million saved no matter how much they skimped and invested wisely.
Not many normal people even with above average incomes have $10 million saved no matter how much they skimped and invested wisely.
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Disagree. I know a financial (retirement) planner.
With that kind of income and that long investments, this would be quite typical amount of retirement savings.
Faucci is definitely 1% ter, not stupid and he does not looks to me like some high flyer, spending on new Lamborghini every other year!
What bothers me is that lots of “faithful civil servants” retire on amount at least 10x larger while drawing meager gov salaries. Getting moneys from cattle futures and similar financial operations.