cross-posted from: https://lemm.ee/post/10563312
Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.
Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.
While I believe Social Security will still exist, I definitely fall into the category of millennial on track for a comfortable retirement.
It’s good to see that so many people are saving for retirement, given how often you see news about how low people’s savings are.
Don’t worry. The rich will pass tax increases for your savings withdrawals for bailout 2050.
I would think those who are well off would be in favor of lower taxes though?
What is your age, retirement savings, and target retirement age?
Mid-30s, >$425k, ideally 40 but that could change based on if I have kids. I will certainly be more than set by standard retirement age.