Bob the Builder posted:Kevin Richardson posted:!
If you invested $36,000 into LTC on December 18, 2016, you'd now have over $3,000,000 USD in additional wealth. Maybe not enough to retire but plenty for most people to not have to worry about $ anymore.
Not enough to retire on we truly are in La La land. If you cannot make three million dollars work enough for you to retire on then you really should take a long hard look at yourself.
Are you in the US? I did not say $3MM is not enough to retire just that it is possible some people couldn't retire on that.
I have friends in NYC with modest homes and $2MM mortgages. My kid wants to go to an Ivy League University which will likely cost $500,000. Retire in your 30's-50's means you have to pay for your own health insurance. That can easily run $30,000/year for a family. If you ever get sick the health insurance companies will drop you/charge even more [assuming the thugs in Congress continue to kill ACA.] So you should budget $500K - $1MM for health care from now until age 65 when you become eligible for Medicare.