If I were Cervelo I would be more concerned with how to fill in the extra time available than how to survive on a Cool Million.
If there is a pension coming along at 65 or so and no debts or dependents then probably but it would be frugal enough.
I would guess most people over save for retirement
Unfortunately, all available data would suggest that the opposite is the case.
This is the great unknown, I don't expect that either of us would reach that age but then again stranger things have happened and is something that I cant discount.It's probably prudent to assume that at least one of you lives to 90,
I would guess most people over save for retirement and die with cash left over than vice versa,
Unfortunately, all available data would suggest that the opposite is the case.
I wonder would that still be true if you include their residence( as hinted at by sbarett
)
How many cash poor elderly live in 500k to 1m plus houses ? Rather than enjoying the equity end up leaving it to the ungrateful kids !
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