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Oct 27, 2020
2:34
:07
pm
bruincoug
Truly Addicted User
Does “set for life” require quitting job and not ever being employed again?
If so my answer would be very different than continuing to work with some pay and benefits.
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bruincoug
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bruincoug
Joined
Mar 20, 2003
Last login
Jun 14, 2024
Total posts
11,468 (499 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.
BYUALWAYSNUM1
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.
Niiineteeen84
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
breakingblue
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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