Reality Radio for a really great future.

We're talking real money.

Welcome to talking real money, where we talk about money.

Really?

I'm Don.

Tom's there.

This is the place to go if you want to understand how

money works realistically. Yeah, there's a lot of gobbledy gook and garbage out there, but you don't

need to listen to that. It's not that hard.

It just requires some discipline and some understanding of the basic rules of money.

And that's what we're here to impart. How to get to where you need to be in the future financially.

And then once you get there, how you live for the rest of your life reasonably,

comfortably. And one of the big issues, questions that plague us all as we're trying,

those of us who are actually trying, some of us don't try, but of those of us who are actually

trying to put away money for retirement, our big future goal, ask this question a lot.

How much do I really need to have saved to retire comfortably? You know, the number, we've heard numbers all over the place.

Million, two million. There are all kinds of rules of thumb. You know, the number, we've heard numbers all over the place, million, two million.

There are all kinds of rules of thumb, but Tom, how much do we actually need to retire? But you don't need that much because you're going to have the silver bullet park right next to my house.

I am living, you know, if I could convince Debbie, I would just live in the airstream. I would. I would be perfectly happy. Yeah. I mean, look at me. I never lived this little room. I know, but there would be a bit loud for her. Um, the, that's, that's a big question. How much, how much do I need to save? Am I saving enough? And as you know, so really, I'm working too hard if I just live in the trailer, right? I can just slack. It's, there's no answer to this. It's different for everybody, right? Okay, well, that was an incredibly short episode. Thank you all to being with us. It's been a great show. You know, the shorter, the better.

We're coming in under two minutes. I can't believe it. There are some fascinating numbers.

Yeah, there's some fast. The Federal Reserve does a survey of consumer finances, which I didn't even know until I read this piece.

According to their 2022 survey, and I'd just move right up to ages 55 to 64. They say the average

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