Retirees Face Up to the 'Million-Dollar Illusion'

A million dollars isn't what it ... can afford to be very flexible: just 2 percent of a $1 billion portfolio is still $20 million. With economizing, even a big spender should be able to scrape by on that. But $20,000 — the cash flow from a $1 million ...- Due to a spate of bizarre rants from members of the 1 percent over the past two weeks ... twice the rate as those making less than $20,000. In 2012, just 41,000 Americans—out of a total population of 310 million—gave $2,600 or more to presidential ...
Money $marts: A million bucks is not even close to what it used to be

Current interest rates on investing the money safely were in the 2 percent per annum range on a five-year term; about 1.5 percent on less. This meant the couple could earn a maximum of $20,000 per ... $125 a week. A million dollars was worth 165 years ...How to lose 3 million dollars in one second?

I myself was waiting for one price to flash, an interest rate in Brazil. I had bet that rates would lower over time, from 15.10% to 14.50% or so. The size of my bet was 20,000 USD for every one hundredth of a percent ... was out 3 million dollars, and ...$1 million may not be enough for retirement

So here’s a sign of the times: $1 million isn’t enough to retire on anymore. To be clear, here’s what we mean by $1 million: We’re including what you have in any savings and retirement ... 500,000 saved, 4 percent of that is $20,000 per year.

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