re: "If You Have Savings In Your 20s, You’re Doing Something Wrong"

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That being said, where do you SAFELY get those returns with today's rates?

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There is no safety in spending or keeping it in cash, brah.

So you have to decide to incur some risk - and your risk tolerance should be much, much higher with 40 years to go, as opposed to a 4 or 5 year retirement window.

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If you hand a financial advisor $3K a month right now

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Well - if you need your hand held, take his advice as much as possible - that's why you're paying him.

Personally, I stay heavily in index funds - it is difficult to beat the market over the long-term, without a lot of experience and expenditure of time. Yes, they will dip with corrections, but dollar cost averaging will cut most of those losses - as long as you don't stay heavily in equities right up to a Fall 2008 (worst case scenario) retirement, you'll do 6 to 8 %, year-over-year - or better, buying the U.S. stock market as a whole.

It's not foolproof, but it will serve until foolproof comes along.