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re: How much money do people need to retire?
Posted on 2/27/24 at 1:17 pm to fareplay
Posted on 2/27/24 at 1:17 pm to fareplay
In America ? If youre currently under 40 and dont come from SIGNIFICANT family wealth, you will likely never be able to retire before you are 80 years old… Gotta move to a LCOL country and you can retire at 50, or even earlier .
4
Posted on 2/27/24 at 1:20 pm to BK Lounge
My 401k has gone up a bit but nowhere near 2mil
Posted on 2/27/24 at 2:25 pm to BK Lounge
quote:
In America ? If youre currently under 40 and dont come from SIGNIFICANT family wealth, you will likely never be able to retire before you are 80 years old… Gotta move to a LCOL country and you can retire at 50, or even earlier .
What do you mean by family wealth? Like a stable family that has the means to provide a good upbringing and perhaps reduces your need for student loans/daycare type thing?
Or are you talking about a big fat inheritance?
Posted on 2/27/24 at 4:35 pm to BK Lounge
quote:
In America ? If youre currently under 40 and dont come from SIGNIFICANT family wealth, you will likely never be able to retire before you are 80 years old… Gotta move to a LCOL country and you can retire at 50, or even earlier
What a bullshite post. God, your victim mentality posts are tiring.
No one wants to abandon their families and friends to move to fricking Thailand to live in squalor and bang teenage hookers.
People want to stay here and thrive. And if you have any drive at all you can do it and retire at 60-65 with millions.
Posted on 2/28/24 at 10:27 am to BK Lounge
quote:
In America ? If youre currently under 40 and dont come from SIGNIFICANT family wealth, you will likely never be able to retire before you are 80 years old… Gotta move to a LCOL country and you can retire at 50, or even earlier .
That’s nonsense. Under 40 gives you PLENTY of time to ramp up assets and pay down debts to have a good retirement. Even if you’re late 30s and starting with nothing this is doable.
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