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re: How much money do people need to retire?
Posted on 2/28/24 at 11:06 am to Dadren
Posted on 2/28/24 at 11:06 am to Dadren
quote:
Retired at 56, was told he bought his house at age 39, with a 15 year mortgage. Paid it off 2 years ago and now has a pension.
Looking at a guys portfolio now. 61 years old, SS eligible this year turning 62. Pension is ~$110K before social security (Retired from two different jobs). Two houses fully paid off worth North of 625K in value. $625K in liquid cash. Zero debt.
He drives a 2010 Terrian with over 200K miles.
1
Posted on 2/28/24 at 6:15 pm to jizzle6609
quote:
Looking at a guys portfolio now……….. $625K in liquid cash.
This might be more of a question for the Money Talk board but, assuming ur a financial advisor or the like- where do you have that guy’s $625k iin cash parked ? obviously you can make 4 or 5 % right now in a savings acct, though that can change in the next couple years.. or in an annuity or similar ? Just curious cause you said liquid, but i guess that could include CDs (?)
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