Quote:
Originally Posted by AMB444
No real estate so need to pay mortgage.
Let's say this person is not yet 65.
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Not yet 65? Is that 64 or 55?
It all depends on their expenses and their income and their life expectancy. Are they getting social security? Are they getting medical expenses paid? That is huge!
And it depends on the pension. Some government pensions pay 80% or more of your final salary. And final salary may be way above base salary as many employees work vast amounts of overtime the last few years to increase their pension.
Please note that the Dow had a high in December of 45,155 and is currently at 37,425.
That is a drop of 7,730 points and a percentage drop of 17.12%.
Gold is up $357.60 per ounce, or roughly 13.5%, from January 1 to April 8, 2025.
So if you retired with a million at the end of the year and you were 100% invested in the Dow, you would have about $830,000 left.
If you were all cash, you would still have the million.
And if you had 100% gold, you would be up about $135,000.
If you die in the next five years, you should be ok. If you live until 2050, probably not.