When your grandparents lamented that a dollar just isn't a dollar anymore, they weren't just bellyaching. Inflation attacks the value of a dollar, reducing it as time goes by so you need more dollars as time goes on. That is one of the reasons that $1 million is often thrown around as a retirement goal. Back in 1900, a $1 million retirement would include a mansion and a bevy of servants, but now, it has become a benchmark for the average retirement portfolio. The upside is that it is easier to become a millionaire now than at any time before. While you won't be buying islands, it is still a goal worth shooting for.
From: How To Make Your First $1 Million - Investopedia Slideshows
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http://hubpages.com/hub/After-bankruptcy-are-you-looking-for-updating-your-credit-report
After Bankruptcy discharge
After receiving your bankruptcy discharge papers the first thing you will want to do is get bankruptcy discharge updated and make sure that the information reported on it is correct.
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