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Started By
Message
re: Here’s What a $2 Million Retirement Looks Like in America
Posted on 9/1/22 at 12:36 pm to SWCBonfire
Posted on 9/1/22 at 12:36 pm to SWCBonfire
quote:
Not sure what you're getting at, 5% of 500k is only $25,000/yr.
I'm saying the 4% rule is a safeguard against "running out of money" and/or try to preserve the corpus of the savings.
5% is the "real" number for cash/bond/cash equivalents over a 20-year period, unless your intention is to preserve the corpus.
I was not making any evaluation of "how much" $500k was in the grand scheme of things.
0
Posted on 9/2/22 at 11:17 am to Contender54
quote:
Have you looked into a Special Needs Trust?
Thanks, I didn't even know it existed. The only thing we knew about was the able account. I will start a new thread one day, but if I can leave a house in a trust that would be awesome.
Posted on 9/2/22 at 12:34 pm to lynxcat
quote:
Police lieutenant spending $144K a year? GTFO.
He retired at 58, with a 7K a month pension, and his wife still works. I would be spending money too.
Posted on 9/2/22 at 2:51 pm to TigerintheNO
quote:
He retired at 58, with a 7K a month pension
It's good to be a Govt employee
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