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.
“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.”
Yes $10million would be for that amount of income but I was replying to MM when she implied normal people have that kind of savings. $10 million in savings is the top 1% and when I was saying normal people with above average incomes don’t have $10 million I was meaning around $150-175k per year