Quote:
Originally Posted by huge-pigeons
I’m surprised it’s not higher than 39%! A millionaire is nothing to write home about. Wealth is much more than just money.
Financial independence is what you want to strive for and that’s when you know you are set.
Just because we are older, that doesn’t mean your income stops. This is the time when passive income takes over. For me, I made very good money during my working years but I make many times that each year in my investments while I’m playing sports or sleeping: that’s passive income.
IMO: to feel comfortable money wise, you need over $5M for 2 people, not $1M.
|
Number has to be well over a million. Take out 4 percent and 40000 plus ss does not go as far as it used to.