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| Topic | $1000,000 or being able to eat as much as you want without health issues? |
| blu 06/10/21 4:06:21 PM #51: | ReggieTheReckless posted... Assuming the million offered here is tax free initially, 8% on a mil invested is 80 grand, and even the laziest of investors can make 8% a year in stable years. Let's say you don't let it sit and instead take it out and it's taxed as income instead of long term capital gains, so you're left with maybe 63k after taxes Im sure you know this, but Id just like to add to this paragraph that when earning 8-10% on average, youre still looking at only being able to spend 30-40k a year because of the downtimes and have a high confidence your money will last for life. ReggieTheReckless posted... My wife and I combined make less than that now after taxes (we clear like 58k),and we live EXTREMELY comfortably in Central Florida and never want for anything and buy whatever we want and get annual Disney passes and take at least 2 vacations a year. I also agree with this. I live extremely comfortably off 20-25k a year and could easily go down to 15k without sacrificing much happiness/comfort. ... Copied to Clipboard! |
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