CreamyGoodness
Thanks Creamy!
- Joined
- Apr 28, 2011
- Messages
- 15,639
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My wife and I have like a thousand bucks of Dave and Busters credits. so that's something
awaken knows 2 things: Titties and climate change
“Conventional” retirement planning wisdom says you can liquidate 4% of your portfolio annually without ever going broke so that feels like an absolute baseline. Assuming if you have $8MM you have a highly sophisticated investment strategy that will likely yield significant in excess of 4% even accounting for a more conservative posture in later years. So I’m thinking more along the lines of $500,000 a year without really worrying about it.
I gotta figure out that maths too, cause I'm 40 and I don't have a penny in a 401k
Palma remains an enigma
Like, I get that 8 million seems like a lot, but it's really not 90s money anymore. You're living in a gated community in Pinehurst or something, playing some golf. But you're not fucking a different 22 year old Brazilian model every weekend (the true measure of wealth).
For me to not worry about it, I think I'd have to have something north of 4 million, with at least a million of that in liquid assets. A million bucks just ain't what it used to be. Even two million, you're in danger if there's a crash and you're over-extended in a certain investment.
Wasn’t it palma that made fun of RTQ for her 401k on here like 10 years ago?
The absolute best thing I’ve ever done financially was regularly putting back money into an ira early in my teaching career.
My wife and I have like a thousand bucks of Dave and Busters credits. so that's something
what is liquid wealth
I got another truth bomb for y'all I'm sure you'll enjoy. I drink fairly regularly, but I ordinarily don't want the beer/wine in the house cause then by default I'll prolly drink it. So whenever I want to drink (which is more nights than not) I'll just have wine/beer delivered to me one bottle at a time. So most nights I'm drinking I'm dropping $25 for an $8 bottle of wine. So on an average night, I'm getting 2 deliveries of food/wine per day.