Jun 16, 2021
3:27:20pm
3:27:20pm
I just meant I wouldn't have a job with income, my other investments wouldn't
affect my taxes if I never sold them.
I didn't really think about inflation, guess I assumed it was $5000 monthly forever in todays dollars and would adjust with inflation, but thats a good point.
With what I have invested now though I would still be able to retire with unadjusted $5000/month as it would be many years before I would need to dip into what I already have invested, and by that point it will be well more than enough.
We currently live on ~$50k, once the mortgage is paid off that goes under $30k
I didn't really think about inflation, guess I assumed it was $5000 monthly forever in todays dollars and would adjust with inflation, but thats a good point.
With what I have invested now though I would still be able to retire with unadjusted $5000/month as it would be many years before I would need to dip into what I already have invested, and by that point it will be well more than enough.
We currently live on ~$50k, once the mortgage is paid off that goes under $30k
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6/16/21 10:14am
6/16/21 10:14am
6/17/21 8:13am
6/16/21 10:36am
But you’re also down the $1 million in principle. Lump sum is principle PLUS interest going forward.
6/16/21 2:07pm