F U Money
Moderator: Jesus H Christ
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smackaholic
- Walrus Team 6
- Posts: 21765
- Joined: Sat Jan 15, 2005 2:46 pm
- Location: upside it
Re: F U Money
I would say that if you live in an inexpensive area with reasonable tax rates and you don't have extravagant tastes, 5 mil still puts you comfortably into FU money. 1 million sure as hell doesn't anymore, although you could manage on it if you had to.
mvscal wrote:The only precious metals in a SHTF scenario are lead and brass.
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KC Scott
Re: F U Money
All depends on how much you plan to spend - 2 million drawing 5% would be $100K per year - provided there was no risk to the principle.smackaholic wrote:I would say that if you live in an inexpensive area with reasonable tax rates and you don't have extravagant tastes, 5 mil still puts you comfortably into FU money. 1 million sure as hell doesn't anymore, although you could manage on it if you had to.
If everything is paid off - house / cars etc. and were just spending for utilities / insurance / food / entertainment etc. that's not a bad retirement