Monday, March 20, 2006

 

Why Retire Rich?

You've got to be careful about labels like "affluent," "middle class" and "upper middle class" to describe someone's finances or lifestyle. After all, I know people who live in homes worth close to a million bucks, own a big SUV or two, take several vacations a year, but they'd recoil in horror if you suggested that they were "affluent" or "rich." They consider themselves upper-middle-class at most.

So when you want to do some serious planning about your retirement, you're much better off avoiding imprecise concepts and focusing instead on some hard numbers.

Read full story: Why Retire Rich?
Source: CNN/Money

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