Answering Member Questions #4 – Am I too old to retire comfortably?

by | Jan 13, 2017

 

This is a follow up to a previous video I made discussing management fees.  You can view that video by clicking here.  In that video I went through a retirement calculator and showed what it takes for a person to retire a millionaire.  Here’s the bullet points:

  • Reduce management fees by paying a flat rate subscription instead of a typical percent of net assets fee
  • Earn a 7% rate of return
  • Save 1000$ a month
  • Give it a 30 year time horizon

With those inputs, that should put you over the 1 million mark by retirement.  But I had a follow up question:

What if I only have half that amount of time?

That’s what I’ll address in the video below:

 

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