How much does it take to retire?
Conventional wisdom once suggested if you could put aside a million dollars, you’d be set for life when you were ready to kick back.
That’s a faulty assumption, says financial advisor David Sandstrom. First, a million dollars isn’t what it used to be. But more to the point, as a rule-of-thumb target, it’s simplistic and could lead you astray.
Sandstrom is a vice president and general securities representative at Landaas and Co., a Milwaukee-based investment advisory and planning firm.
Of course, this column can never substitute for a conversation with your own financial advisor,
