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<p>[QUOTE="medoraman, post: 26709694, member: 26302"]Most of those 23 million are only millionaires because of their house. If the housing market goes down or they continue to live there they are not really millionaires. I believe its around 7 million in the US with non-residential net worth of $1 million or more. Most financial planners who used to say $1 million was the goal now say $2-$2.3 million is now the goal. </p><p><br /></p><p>It all depends on your lifestyle and anticipated spending. I will never touch my 401k, (my wife can use it), and have not needed to work for a while now. I work today both because I am too cheap to give up a good paying job, I enjoy what I do, and for the kids inheritance. If you enjoy your job its not work.</p><p><br /></p><p>I should try to spend more on coins though. That is where I have been lacking, new coin purchases.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 26709694, member: 26302"]Most of those 23 million are only millionaires because of their house. If the housing market goes down or they continue to live there they are not really millionaires. I believe its around 7 million in the US with non-residential net worth of $1 million or more. Most financial planners who used to say $1 million was the goal now say $2-$2.3 million is now the goal. It all depends on your lifestyle and anticipated spending. I will never touch my 401k, (my wife can use it), and have not needed to work for a while now. I work today both because I am too cheap to give up a good paying job, I enjoy what I do, and for the kids inheritance. If you enjoy your job its not work. I should try to spend more on coins though. That is where I have been lacking, new coin purchases.[/QUOTE]
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