How to make it, spend it, and invest it

6 Dec 2018

Mastering Money 12/6/18

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A growing number of Millennials with six-figure incomes are trying to retire by the age of forty. Its called the FIRE movement, Financial Independence, Retire Early. Suze Orman says they’re crazy and estimates they will need at least 5 MILLION dollars set aside to retire for the next fifty to fifty-five years. Which brings us to the question: what’s YOUR number? How much do you need to retire comfortably? The conventional wisdom is that you should aim to have a nest egg of $1 million to $1.5 million dollars Or about 10 to 12 times your current income, but new research has come out pointing to the fact that with proper planning you may be able to retire on less. Steve will have some details for you on that. A fact-filled show you don’t miss today MASTERING MONEY is on the air!!