Fear Factor

Whenever you read an article, you need to check what's the incentive of the person writing the article.

Here's one from Yahoo!: Commentary: Worth $4 Million -- and Unable to Retire.

I got a call from a newly "rich" executive. Having worked 60-hour weeks for years and now ready to retire at 55, he sold his business for $4 million. He was ready to live out his dream life and live off that tidy nest egg. The problem is, to do so--on $4 million--he must cut his standard of living.

It's the plight of the "mMillionaire" -- the middle-class Millionaire.

Mansions and yachts are out. The mMillionaires who want to retire before age 65 or 72, find they must live in three- and four-bedroom homes and drive mid-priced four-door sedans and mini-vans.

This is bullshit!

With $4M, you can clear roughly $150K each year in income alone tax-free without touching the principal. If you have trouble with that, give it to me. I'll be able to afford both mansion and yacht, and even the occasional week in Tahiti with that.

However, let's see who "sponsored" the article.

It's sponsored by Fidelity.

How does Fidelity make money? By the fees they get on managing money.

How do they make more fees? By managing larger sums of money.

Hookay! This belongs in the "never ask the barber whether you need a haircut" section.