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Straight talk from the money editor
For some reason, $1 million seems to be the magic retirement number. Don't be fooled. Granted, for some a million bucks will produce plenty of income in retirement but for others it simply won't be enough. There are many factors to take into consideration for what someone needs in retirement. At a minimum, many financial experts say a person must have a retirement portfolio that is 25 times their living needs, net of Social Security and pension payments, if they plan to retire at 70. Meanwhile, some financial gurus like to see the person have a portfolio that is 40 times their living needs. The point is that Americans need to do some actual pre-retirement calculations before they go buy their cabana wear. Follow me on Twitter @jimpavia. |
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How long $1 million will last in retirement
For many soon-to-be retirees, a cool $1 million sounds like substantial savings, but that largely depends on where you live. |
Pre-retirement financial jitters? Here's what to do
Pre-retirees should avoid too much stock exposure, yet no so little that they derail their plans. |
Why traditional investment strategies just don't work anymore
Market volatility, global interdependence, emotional investing, inflation and low interest rates are helping to end traditional investment strategies. |
Why I'm a lazy, passive-aggressive, cheap investor
Putting together a perfect set-it-and-forget-it portfolio has served financial advisor Christina Empedocles well over the last two decades, and here's why. |
Quality elder care comes with high costs
States that rank highest for services fall short on prices. |
How to grow your retirement plan to $1 million
For many, being a millionaire seems like the entrance into an elite club. Others believe this is the magic number to reach in order to retire comfortably. |
Have student loan debt? You might need life insurance
In the unlikely event that you die before your student loans are paid off, that debt may live on. Make sure your co-signer isn't on the hook. |
TAKE OUR POLL: Investing in Bitcoin?
Has the surging popularity of Bitcoins tempted you to invest in the cryptocurrency? |
Housing recovery suffers, but don't blame the millennials
The housing recovery is suffering partly because baby boomers aren't downsizing as they used to — it's getting too expensive. |
Scott Galloway and Aswath Damodaran on Bitcoin vs gold
"Two very smart guys from NYU on one of the most fascinating topics of the day ... " |
 | Sharon Epperson | |  | Josh Brown | |
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