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Oct 27, 2020
2:32:36pm

Mikey All-American

Pre or post tax?

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Mikey

Bio page: Mikey
Joined: Jul 12, 2002
Last login: Jun 6, 2024
Total posts: 16,601 (963 FO)

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Messages

Author

Time

POLL: What is your threshold for "set for life" money if given to you right now?

CSoul Intervention Needed

10/27/20 2:29pm

$10 million cash in the bank.

10/27/20 2:30pm

Keep in mind the answer should probably be a lot different for someone that is 25 and someone that is 55

Indy Coug

10/27/20 2:32pm

RE: Keep in mind the answer should probably be a lot different for someone that

LiveCoug

10/27/20 2:42pm

Also keep in mind the 4% rule of thump.

mudpupper

10/27/20 2:42pm

He did have some good rules...didn't he?

m0resn0w

10/27/20 3:05pm

I don't think it would affect my answer. As mentioned above, I'd go by 4% rule.

Pedant

10/27/20 4:18pm

Pre or post tax?

Mikey

10/27/20 2:32pm

Does “set for life” require quitting job and not ever being employed again?

bruincoug

10/27/20 2:34pm

If one has a biz that should perpetuate into retire does that allow less net wor

stealth

10/27/20 2:34pm

You can't even buy a house for less than 5 million these days.

WJCougar

10/27/20 2:35pm

Well, not in my neighborhood at least.

10/27/20 2:37pm

$4-5mil after taxes....

DeekLyfter

10/27/20 2:42pm

That seems to be where most people land.

CSoul

10/27/20 2:43pm

I'd want to be able to make enough investing it to live somewhat comfortably and

DeekLyfter

10/27/20 2:50pm

You could expect 8% growth. Factor in inflation and you get 4% to live on.

Pedant

10/27/20 4:21pm

That'd be sweet, but when I try to figure these thing I figure conservatively

DeekLyfter

10/27/20 4:38pm

i'm going to do a cash flow poll

10/27/20 2:44pm

$50000

TNT

10/27/20 3:04pm

1% interest in 10 million is 100k a year

cougarfann888

10/27/20 4:17pm

$3M and I would retire tomorrow. I would probably pick up a fun part time job

CanuckUte

10/27/20 4:24pm

What is your idea of a fun part time job?

Cobra Venom

10/27/20 5:08pm

Maybe something like a Golf course marshall or golfers aid. National Park

CanuckUte

10/27/20 8:57pm

Yep if I can find a job like that in retirement where I can work 5-15 hours a

cougarfann888

10/27/20 9:06pm

Plus if you do something like work at a golf course you usually get to play a

CanuckUte

10/27/20 9:14pm

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