|
05-20-2021, 10:36 PM | #9586 | |
Sexiest Athlete
Join Date: Apr 2001
|
Quote:
|
|
Posts: 12,685
|
05-20-2021, 10:39 PM | #9587 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
|
Quote:
I think a guy could do it. But I wouldn’t feel confident at all. Last thing you want to do is go back to work at 60 because ****, you ran out. |
|
Posts: 57,875
|
05-20-2021, 10:48 PM | #9588 | |
Mortgage the Future Please
Join Date: Apr 2006
Location: Diontae Johnson dreamland
|
Quote:
|
|
Posts: 48,986
|
05-20-2021, 11:15 PM | #9589 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
|
|
Posts: 57,875
|
05-20-2021, 11:30 PM | #9590 |
Mortgage the Future Please
Join Date: Apr 2006
Location: Diontae Johnson dreamland
|
|
Posts: 48,986
|
05-20-2021, 11:33 PM | #9591 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
|
A lot depends on your expenses. I did an extensive analysis last year, and to retire at 60, and taking into account inflation and social security and assuming a conservative investment philosophy, I would need 28 times my household expenditures to live at my current lifestyle into my 90s. To retire at 40, you'd need more than double that, plus your social security payments would be smaller. My hunch is that you'd need about 65 to 70 times your annual expenses.
|
Posts: 143,055
|
05-21-2021, 07:17 AM | #9592 | |
Fish are scared of me
Join Date: Nov 2001
|
Quote:
If you bought 1 million dollar worth of (MAIN) it pays a monthly dividend of .205 per share at $41 /share it would give you a monthly income of $4885 a 2 million dollar stake would get you $9770 |
|
Posts: 40,638
|
05-21-2021, 07:29 AM | #9593 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
|
Quote:
On the same note for people retiring early, do what you can to make earned income in the year to max your ROTH. Just $6k or $7k if over 50. This will allow you to draw on something not taxable once you hit the right age. Is a great way to drop tax brackets when you’re older. |
|
Posts: 46,123
|
1 0 |
05-21-2021, 07:33 AM | #9594 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
|
Quote:
AT&T about to cut theirs in half. Also, if you still lag a market index because they pay a dividend but the stock price rarely moves, you’re coming out behind. Dividends are paid off the share price, they aren’t something “extra.” A stock paying 5% dividend with a share price that never moves is worse than owing an index. Plenty of these are out there but people get so fixated on a dividend like it’s “free money.” |
|
Posts: 46,123
|
05-21-2021, 09:51 AM | #9595 | |
Supporter
Join Date: Aug 2005
Location: Hermosa, SD
|
Quote:
|
|
Posts: 44,355
|
05-21-2021, 09:55 AM | #9596 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
|
Quote:
Also look up the wheel strategy for sideways markets. |
|
Posts: 46,123
|
05-21-2021, 10:04 AM | #9597 | |
▓▓▒▒▒▒▒▒▒▒▒▒▒▒▓▓
Join Date: Jan 2009
|
Quote:
|
|
Posts: 64,383
|
05-21-2021, 10:22 AM | #9598 | |
Mortgage the Future Please
Join Date: Apr 2006
Location: Diontae Johnson dreamland
|
Quote:
|
|
Posts: 48,986
|
05-21-2021, 10:23 AM | #9599 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
|
Quote:
I’d adjust mine to 50x annual income. Someone making gross $100k/year would likely need 5M (50x income) to retire in their early 40’s and have their money last 40-50 years. You’d still need to be generating money from investments and not trying to live large. |
|
Posts: 46,123
|
05-21-2021, 10:25 AM | #9600 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
|
Yes. Any earned income for the year and as long as you don’t make more than $140k/year.
Last edited by lewdog; 05-21-2021 at 03:12 PM.. |
Posts: 46,123
|
|
|