Have you Settled on a Definition of Wealth?

There are many different opinions about what constitutes wealthy.  Some consider investable assets ($500,000, $1,000,000, more?), some think in terms of income ($100,000, $150,000 or $400,000 per year?), while others might consider some combination of investable assets and income, while also mixing in consideration of a home’s value when forming their definition.  While there is not necessarily a right or wrong definition, none of those strike me as providing deep insight into how a given figure translates into providing a quality of life, or lifestyle, in retirement for an individual Read the Full Story