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Jun 13, 2021
6:44
:34
pm
LiveCoug
Intervention Needed
LOL. Oh, and an additional 72 k in rental property, so plenty of real estate
equity too. We are supposed to feel bad for the guy?
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LiveCoug
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LiveCoug
Joined
Aug 26, 2001
Last login
Jun 16, 2024
Total posts
112,677 (11,726 FO)
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Messages
Author
Time
Poor guy. Hope he figures out a plan for retirement only making $300k a year
Zak
6/13/21 6:41pm
LOL. 2.4 million saved at 49. Makes 300k per year. Worried about retirement?
LiveCoug
6/13/21 6:43pm
LOL. Oh, and an additional 72 k in rental property, so plenty of real estate
LiveCoug
6/13/21 6:44pm
I mean to be fair his $2.3 million can only generate $90k via the 4% rule, which
BYUFootballisBack
6/13/21 6:47pm
One thing people overlook though is expenses going down in areas during
bluecougar1985
6/13/21 6:56pm
Oh I know, was being facetious. The dude could retire now if he wanted to.
BYUFootballisBack
6/13/21 7:01pm
Only 2.3 million saved and 300K a year? How will he survive?
cougaman
6/13/21 6:43pm
Rice and Beans.
JohnnyC
6/13/21 6:49pm
That doesn't sound like its that big of a problem. They are saving up and doing
cougaman
6/13/21 6:53pm
Yes, modest lifestyle. They have a spending problem. They spend too much money
JohnnyC
6/13/21 6:57pm
A modest lifestyle of $130k+ per year... $72k in rental income and almost
BYUFootballisBack
6/13/21 7:07pm
Depending on where they live and how much their home is, 130K might not be much
cougaman
6/13/21 7:55pm
That sounds rough... He should talk to his Butler and driver for advice.
BYUtka
6/13/21 6:45pm
A butler and driver on $300K/year?
Colorado
6/14/21 9:21am
This is akin to my wife’s thin/attractive friend complaint about being so fat in front of my wife’s fat friends.
Zach Morris
6/13/21 6:47pm
RE: This is akin to my wife’s thin/attractive friend complaint about being
ABCoug
6/13/21 7:12pm
Your wife has fat friends? How embarrassing
Memmo
6/13/21 10:10pm
He’s probably super worried about unmasking too
Heath Squashwell
6/13/21 6:47pm
His fault for violating the 1/2 + 7 rule. No mercy for his soul.
TCuz
6/13/21 6:49pm
Is my math wrong? 1/2 + 7 = 31.5 and she is 34.
LiveCoug
6/13/21 6:52pm
They have 2 kids that are 2, so probably been together 4-5 years. He was close,
cougaman
6/13/21 6:53pm
Oh, right. I knew I was an idiot somehow, and that would do it.
LiveCoug
6/13/21 6:54pm
Depends how long he’s been married. More than 4 years and he’s toast.
TCuz
6/13/21 6:55pm
Sounds like a CB humblebrag.
WDaddy
6/13/21 6:53pm
RE: Poor guy. Hope he figures out a plan for retirement only making $300k a year
WhirleyPop
6/13/21 6:56pm
"approximately eight rental properties"?
The Shazad
6/13/21 7:01pm
There are a couple of major issues with retirement calculations
Nat Gas Man
6/13/21 7:01pm
"That's a shame"
TNT
6/13/21 7:01pm
I'd love to be in that situation. My plan is to retire at around 72.
Belboz
6/13/21 7:06pm
His biggest achievement is having a wife 15 years younger than him. Well done
Non-mo Coug
6/13/21 7:06pm
Especially helpful as she can to totally keep working after he retires.
LiveCoug
6/13/21 7:08pm
<< Deleted >>
All-American
6/13/21 7:11pm
This guy is winning at life - $2.3 million saved, $300K per year, young wife
Medute
6/13/21 7:22pm
One CB’er posted recently that we better have $10M saved for retirement
UVCoug
6/13/21 7:24pm
Just laid off at 49. Took 7 months to get a new job. I get his concerns
LaserCoug
6/13/21 7:27pm
This should've been a Babylon Bee article.
Shore10
6/13/21 7:53pm
If I ever ran into this guy…I might punch him in the throat. Idiot.
m0resn0w
6/13/21 8:18pm
He’s annoying and out of touch, but you definitely would not do that
molodyets
6/13/21 10:22pm
RE: He’s annoying and out of touch, but you definitely would not do that
m0resn0w
6/13/21 10:32pm
This is like some of the posts we see on CB.
SFarkus
6/14/21 3:59pm
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