Quote:
Originally Posted by Kenswing
In my opinion you can’t equate income to wealth. Not totally anyway. Especially in The Villages. Most have already made their money. The income they show now is from social security, retirement and investments. Smart people manage their income in accordance with the tax burden they’re comfortable with.
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In my opinion, a guaranteed income of $100K for life is equilvalent to about $2.5 million in net worth, using a 4 percent cash flow factor ($100K/0.04).