Talking Retirement

What Makes a Good Retirement? Unsurprisingly, People Disagree.

A Retirement Reality Check, an article from the National Post, a Canadian publication, reports on a survey that shows people are all over the map when it comes to defining what a good retirement is.

An Ipsos Reid survey of 1,201 adults found 26% think they’ll need to amass between $1-million and $5-million to “retire rich.” An equal percentage (26%) felt they could do so with less than $1-million.

However, 5% believe they’ll need between $5-million and $10-million and 1% think they’ll need more than $10-million.

Huh? That left me scratching my head, but I like how the author the article sums up all the different thoughts. “In my experience with the industry and the investing public, when someone says ‘it’s not about the money,’ I make a mental note to myself: ‘It’s about the money.’” I agree. Read the article here.