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wackyteen 05/19/24 7:18:15 AM #1: |
On the "Afford Anything" podcast, Suze Orman delivered a pointed critique on the notion of retiring early with a $2 million portfolio. She was direct in her advice, emphasizing the insufficiency of such an amount for early retirement. "Two million dollars is nothing," Orman declared, "Its nothing. Its pennies in todays world, to tell you the truth." Will you have the millions required to retire early? --- The name is wackyteen for a reason. Never doubt. ... Copied to Clipboard!
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Giacomo_Hawkins 05/19/24 7:38:09 AM #2: |
Early and on time are vague objectives. My plan is to retire in about 25 years at around age 65 as long as I keep enjoying my job.
I should be able to retire five years before that with sufficient benefits to live reasonably comfortably, but there's a significant jump in benefits if I wait until at least age 62 to retire. --- Will the little voice in the back of my mind screaming "This is a bad idea" please yield the floor. --Mikey Chivalry be hanged, and so will you. ... Copied to Clipboard!
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action52 05/19/24 7:42:12 AM #3: |
I believe most people shouldn't retire early, even if they have a lot of money. There are studies showing that having the structure of things you have to do most days of the week is good for your mental health. And that people who don't retire are healthier and live longer.
I think if you save up enough money, rather than just not working you should switch to a job that you like. Or keep doing it if you really like it. You could switch to part time too if you want to give yourself lots of free time but still have some structure in your life. $2 million is definitely enough that you could switch to a low paying job then retire a few decades later with no problem. Unless you want to live somewhere really expensive, like a swanky part of New York or something. Then I guess you would need $5 million or so. --- man - noun. A miserable pile of secrets. EXAMPLE: What is a man? A miserable little pile of secrets. But enough talk, HAVE AT YOU! ... Copied to Clipboard!
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Glob 05/19/24 7:42:58 AM #4: |
I plan to retire by the time Im 45. ... Copied to Clipboard!
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BDSMKane 05/19/24 7:44:53 AM #5: |
This is too subjective to give a firm figure, but I know the old goal of $1m is generally insufficient for a couple to retire on. Unfortunately, to 50+ year olds who have been working since gas was $0.49/gallon, that extra digit still holds great significance.
--- No matter our origin, we are all one family, we all share one planet, and we all need to feel loved and accepted. We are more alike than different. ... Copied to Clipboard!
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LeCh0nk 05/19/24 7:47:34 AM #6: |
These "experts" are so far disconnected with reality I'm surprised they're not zooming in from Mars
--- @('_')@ ... Copied to Clipboard!
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Sufferedphoenix 05/19/24 7:50:50 AM #7: |
Yeah I did the math a few years ago and with what my salary was then I would have gotten a little over a million in the 30 years it takes to fully retire from that job. I assume I would live at least another 30 years after that so I woulda needed another million in income cause I was living a comfortable but meager life aka all my needs where met but I really had to budget for unnecessary stuff.
--- I put my heart and soul into my work and I fear I have lost my mind in the process ... Copied to Clipboard!
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Mearcstapa 05/19/24 7:50:51 AM #8: |
$2M in a 30 year treasury bond right now earns you a risk-free $90k per year. That's plenty to retire on, unless you're a degenerate spender.
fuck off, Suze. --- after years of waiting nothing came ... Copied to Clipboard!
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