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True or false? $3 million is the new $1 million. When the oldest Millennials reach retirement age, $5 million will be the new $3 million.
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The author argues that due to inflation, the traditional $1M retirement goal is obsolete and should be replaced by $3M or more.
降息与宏观
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In terms of buying power, it's obvious that $1 million would eventually not be enough for retirement. But for many years this convenient round number was etched into everybody's brain. But is it not reasonable to say that $1 million simply isn't the goal it used to be? I said this to a colleague the other day and he said I was crazy.
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