![]() “But your opinion doesn’t change the reality: A million dollars is simply not what it used to be.” “I know the idea that ‘a million dollars isn’t enough to retire on’ is hard to swallow,” he wrote. ![]() Inflation and health costs are among the expenses that shock retirees who simply aren’t saving enough, Cardone said. ![]() Not only would that leave you exposed, it could undermine the feeling of financial independence we all want in retirement. ![]() But some financial experts believe Fidelity’s 10 times guidance undershoots the real cost of retirement.įinancial consultant Grant Cardone recently wrote in a LinkedIn post that inflation and the risk of unplanned emergency spending - like a catastrophic health event or emerging condition - could mean that target falls short. Fidelity is a highly respected investment house, and their advice is rooted in deep experience in retirement planning for clients. ![]()
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