You would be surprised. If you worked a decent job early in life, moved up the ladder, retired as upper middle class making $250k-ish, it is kind of expected to have about 2-3 mil in your retirement. Hell, if you work a half way decent government job and invested wisely your entire life and didn’t have stupid amounts of debt, you should have about a mil in retirement.
1 mil in retirement gives you about 5,500 per month at a growth rate of 6%, withdraw rate of 3%, and annual inflation at 3%. The current recommended retirement is a little under a mil.
As far as retirement funds counting as tradable assets, that is how your 401k accounts work. It is literally a stock market account. The question comes down to when the tax is paid, pre or post withdrawal. In a roth IRA you pay the tax coming in. In a traditional IRA you pay tax when the money comes out. Either way, as long as the money stays in the account you can make it liquid, put it in a stock, bond, mutual fund, whatever you want as long as the account can do it; but in the end it is in a trading account and short of the cash in there, it is a tradable asset.
You would be surprised. If you worked a decent job early in life, moved up the ladder, retired as upper middle class making $250k-ish, it is kind of expected to have about 2-3 mil in your retirement. Hell, if you work a half way decent government job and invested wisely your entire life and didn’t have stupid amounts of debt, you should have about a mil in retirement.
1 mil in retirement gives you about 5,500 per month at a growth rate of 6%, withdraw rate of 3%, and annual inflation at 3%. The current recommended retirement is a little under a mil.
As far as retirement funds counting as tradable assets, that is how your 401k accounts work. It is literally a stock market account. The question comes down to when the tax is paid, pre or post withdrawal. In a roth IRA you pay the tax coming in. In a traditional IRA you pay tax when the money comes out. Either way, as long as the money stays in the account you can make it liquid, put it in a stock, bond, mutual fund, whatever you want as long as the account can do it; but in the end it is in a trading account and short of the cash in there, it is a tradable asset.