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Posted on 2/23/17 at 8:38 pm to 4LSU2
You spent it on Ketchup?
Posted on 2/23/17 at 8:45 pm to Jax-Tiger
Poors could. I couldn't.
Posted on 2/23/17 at 8:46 pm to Jax-Tiger
Depends...if you're middle aged without kids that you still have to support, then yeah you could probably retire on $1.3M although you'd have to live modestly.
But if you're in your 30's with young kids to raise, then it'll be a hell of a lot harder to retire on unless you made some ridiculously good investments
But if you're in your 30's with young kids to raise, then it'll be a hell of a lot harder to retire on unless you made some ridiculously good investments
Posted on 2/23/17 at 9:05 pm to Tiger Prawn
Yea, but you'd be unemployed. Put the kids on SNAP and WIC and that would free up extra income for the family. Perform a civil divorce with the wife. Have her take a tiny side job and she can get the EITC. Boom, more cash.
Posted on 2/23/17 at 9:11 pm to Jax-Tiger
If you're 62+ and don't plan on living past 85 you could probably retire with a reasonable lifestyle
Posted on 2/23/17 at 9:56 pm to 4LSU2
quote:
I blew through that 5 grand like a bus load of figs
I don't know if I'm just tired or what but I can't quit laughing at that comment.
Posted on 2/23/17 at 10:04 pm to Jax-Tiger
I couldn't. Only 28.
Invest it properly, get an additional $50-60k/yr in income.. Drastic improvement in quality of life and you can take some of that and reinvest it.. Some of it you could invest in aggressive stocks and hope to hit big.
Invest it properly, get an additional $50-60k/yr in income.. Drastic improvement in quality of life and you can take some of that and reinvest it.. Some of it you could invest in aggressive stocks and hope to hit big.
Posted on 2/23/17 at 10:06 pm to Jax-Tiger
Don't listen to these assholes. Take your 1.4 million to Vegas and put your full 1 million on the roulette table. You've already won the lottery so you know your luck is good enough for the odds on Roulette.
Posted on 2/23/17 at 10:09 pm to kywildcatfanone
What the frick kinda poor arse, podunk lifestyle do some of y'all live where 1.4 or 1.5 million is "retirement worthy"?
The OT is full of ballers until you talk about a million bucks. All of a sudden we find out all you lavish pimps are a bunch of iron worker union hands.
Posted on 2/23/17 at 10:10 pm to Jax-Tiger
Depends on your situation. I have three young kids to raise. No way 1.5 mill would last me through retirement. It would give you a nice nest egg to invest and payoff debt. That's it.
Posted on 2/23/17 at 10:11 pm to Jax-Tiger
You got to play the easy five and LA lotto, not the megamillions and powerball.
Posted on 2/23/17 at 10:15 pm to Fratigerguy
quote:
The OT is full of ballers until you talk about a million bucks. All of a sudden we find out all you lavish pimps are a bunch of iron worker union hands.
Posted on 2/23/17 at 11:12 pm to Fratigerguy
quote:Nah, non-union. If they were in a union they would make enough to where 1.5MM isn't retirement worthy.
All of a sudden we find out all you lavish pimps are a bunch of iron worker union hands.
Posted on 2/23/17 at 11:40 pm to Jax-Tiger
quote:maybe if you're 55
Can you retire on that?
Posted on 2/23/17 at 11:44 pm to Jax-Tiger
you can retire on that to Mexico or Brasil.
1.3 million at 2%.
26,000 a year
you would want the equivalent of $50K a year, depending on what the GOP does about health insurance.
I would do the payments, myself. You get $50K on average. They think they can beat 2%. let them.
1.3 million at 2%.
26,000 a year
you would want the equivalent of $50K a year, depending on what the GOP does about health insurance.
I would do the payments, myself. You get $50K on average. They think they can beat 2%. let them.
This post was edited on 2/23/17 at 11:46 pm
Posted on 2/24/17 at 9:40 am to CelticDog
Let's look at it another way. That ends up being approximately 167k/yr (before taxes) for 30 years.
Now can you retire?
Now can you retire?
This post was edited on 2/24/17 at 9:41 am
Posted on 2/24/17 at 9:47 am to Jax-Tiger
I wouldn't retire. I would not tell anyone I won first of all. I would then pay off all my debt. Then I would go back to school and get an MIS degree. I would then just find a job where I could work from home making like 50k and live easy.
Posted on 2/24/17 at 9:49 am to el Gaucho
quote:
I'd invest in weed stocks and Bitcoin
Posted on 2/24/17 at 9:51 am to Jax-Tiger
I would do the following:
Keep my job
Tell no one
Take the lump sum
Put it in something stable like an index fund
Only take out some interest when I want to do shite like travel or buy a car
I feel like of you quit working, you'd be tempted to spend a ton of it due to all the free time.
Easier said than done of course
Keep my job
Tell no one
Take the lump sum
Put it in something stable like an index fund
Only take out some interest when I want to do shite like travel or buy a car
I feel like of you quit working, you'd be tempted to spend a ton of it due to all the free time.
Easier said than done of course
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