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