By Margaret Jackson, Benzinga Editor
Sept. 10, 2024, 12:58 p.m. EDT
Investment firms and news headlines often suggest you need $1 million in savings to retire comfortably. Still, one prominent economist argues that you can retire for much less, citing the experiences of actual retirees.
In a Wall Street Journal column titled “You Don’t Need to Be a Millionaire to Retire,” American Enterprise Institute senior fellow Andrew Biggs noted that most Americans retire with far less than $1 million in savings…
“What about rising healthcare costs?” said Lili Vasileff, a certified financial planner in Greenwich, Connecticut. “What about more older adult children living for free with older parents? What about divorces in later life that halve all assets on the cusp of retirement?”
Read the full article at Benzinga.com.
