I’m 53, Make $500,000 a Year and Live Paycheck to Paycheck. I Want To Retire At 65 But We Only Have $200,000 Saved. Am I Nuts?

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Question: I’m 53, and married with two teenage children. I earn $500,000 a year, yet I still live paycheck to paycheck. Despite my high income, we only started saving for retirement when I was 50. We have about $200,000 in a 401(k), which I max out annually. There is a $2 million mortgage on our […]

I’m 53, Make $500,000 a Year and Live Paycheck to Paycheck. I Want To Retire At 65 But We Only Have $200,000 Saved. Am I Nuts? Read More »