[Craig T]

Originally Posted by flatbutt

I had the same experience Sammy. In my case it was approx 2 million. My reaction was the same as yours. I had already calculated my basic expenses would be covered by 30K / year. If I live to 90 thats less than 900k.

Financial planners and advisor's can be very self serving. I met with one once who recommended several of what I would call "non-traditional" investment opportunities. I asked him if he got a pop when he gets a client to invest in those opportunities. I also asks for a full-disclosure statement. He stumbled like a drunk 10th grader coming home after his curfew. He was steering me to the investments he gets the most commission on. …and out the door I went.

My plan…Max out my S.E.P and wife's 401K even it if means sacrifices, keep it in low-fee S&P and balanced mutual funds, live below our means, save what we can outside defined and tax-deferred plans (provided we balance some travel and entertainment), and pray it's enough. Luckily, it's looks like it will be (but not here in CA).