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Celebrities on retirement


Celebrity roundup
 Celebrities:
Charles Barkley
Sandra Bernhard
Barbara Eden
Mike Greenberg
Jim Harrison
Carl St. Clair
John Stossel
Who: Mike Greenberg
Notable:
Co-host "Mike & Mike in the Morning," ESPN Radio; author ("My Wife Thinks I'm an Idiot")
Fame & Fortune Q&A:
Bankrate: Anything else you can share as far as how you are planning for your retirement and long-term financial future?
Mike Greenberg: The way I try and handle my own finances is, I have a bunch of money invested in a discretionary account, and my goal is to never touch it. I don't ever use that money. Now, I feel if I break even on what I bring in, my investments are growing without my having to interfere with that. So that's what I consider my long-term financial plan. The money there is growing -- which will hopefully go untouched for the next 20 years or so while I'm still working and maybe even longer than that -- should be more than enough for my wife and I to retire on. So that's the financial strategy I have now. I'm fortunate enough to have been able to put away and invest enough money. So if I just live at a zero balance, I'm doing OK.
Lesson learned: 
Have a plan for your retirement.
Read the entire interview with Mike Greenberg.
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Bankrate.com's corrections policy
-- Posted: Oct. 1, 2007
 
 
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