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The Water Cooler
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This is how long $1 million in retirement savings will last in your state
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<blockquote data-quote="dennishoddy" data-source="post: 3059244" data-attributes="member: 5412"><p>A few years back, I talked to a retirement advisor that counseled retirees at the Conoco refinery here in Ponca as they were getting close to retirement. </p><p>He said they had 3-5 employees annually that had managed to save and invest over a million dollars in their accounts during their careers. </p><p>He said that about half would squander their savings within 5 years of retiring and be greeters at Walmart to make a living. </p><p>The other half lived a comfortable life not trying to live beyond their means.....and staying out of the local casinos.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 3059244, member: 5412"] A few years back, I talked to a retirement advisor that counseled retirees at the Conoco refinery here in Ponca as they were getting close to retirement. He said they had 3-5 employees annually that had managed to save and invest over a million dollars in their accounts during their careers. He said that about half would squander their savings within 5 years of retiring and be greeters at Walmart to make a living. The other half lived a comfortable life not trying to live beyond their means.....and staying out of the local casinos. [/QUOTE]
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This is how long $1 million in retirement savings will last in your state
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