Naw, give me 2.5 mill and I could retire tomorrow (assuming that's 2.5 after tax instead of 1.2 I'd keep from 2.5 pre tax).
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The ultimate paradox. Live in a place where the third bedroom is 1.2 million or a 2 hours commute Or live in a place where you have to pay for a car on a Cleveland income. /IQ Shredder it is
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2.5M post tax lets you move to the suburbs and live off of $50k/yr from bonds (nothing) or $200k/yr from 8% stock market returns $200k/yr isn't rich, but one can surely retire on it and have a nice $600k house using 3:1 borrow vs income
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pity about the bad market years tho
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2.5m _is_ enough to move to SE Asia and live like a king tho
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Even if it was in a cash annuity, figure 4-5% annual pay out, minus taxes, you’re solidly middle class, still have a mortgage, etc. these folks who think that is real Fuck You Money have flawed time preferences and probably predictable outcomes.
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I call that fuck-you money, because it means I have the option of walking away from my job, always, anytime, no matter labor market conditions. "Middle-class lifestyle despite no paying job" is a solid definition of "rich", albeit not super-rich.
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I responded critically to this then read the thread you were quoting and lol never mind
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