You have some bucks, but is it enough?
A million bucks ain’t what it used to be. Heck, it’s not even enough to make (rich) people feel rich anymore:
Some 42 percent of the more than 1,000 millionaires surveyed by Fidelity said they did not feel wealthy.
Respondents had at least $1 million in investable assets, excluding any real estate or retirement accounts…
“Every person in the survey is wealthy,” said Sanjiv Mirchandani, president of National Financial, a unit of Fidelity. “But they are still worried about outliving their assets.”
So, how much is enough? $7.5 million is the magic number.