A married couple in their early 50's with 3 kids, who's monthly expenses are approximately 10,000 $ (including vacations) and who will want to continue this level of life quality level until the age of 90, will need approx. 3.5 million USD at the present (present value – and much more if you live in the USA).
- Do you have it?
- If you have less, how will you succeed? Are you really financially qualified enough to allow yourself to make mistakes on your own? (Would you build your house on your own?)
- If you have more, how will you preserve it and make it grow?
- How will you make sure your advisers really care about you to make you achieve those goals and are in no conflict of interests?
- You want to reach your financial goals – outsource your financial management to objective advisers and pay them directly, don't let them get commissions from 3rd parties.
