On Tue, 19 Apr 2011 12:56:55 -0400, Harryk
wrote:

People who spend half their year cruising on a posh 50' yacht are
neither middle income nor middle class.

Nonsense. Who says that the middle class can't retire comfortably?

For what it's worth, private banks and other high end investment
management firms now define "wealthy" as those with a net worth over
$5 million, and that's the lower tier. Their top tier clients
generally are over $20m. I know a few people who qualify but not too
many.