Financial expert Suze Orman warned on the “Afford Anything” podcast that $3 million might not be enough for a secure retirement. She emphasized that unexpected costs like healthcare can quickly deplete savings.
Suze Orman Warns $3 Million May Not Be Enough for Retirement
Orman detailed that $10 million, yielding 5%, may be needed to cover annual expenses of $350,000 without touching the principal. She advised planning for the worst to avoid financial struggles in retirement. Her comments sparked debate, particularly in the FIRE community, but she stressed the importance of accurate financial planning to ensure stability.
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