How will your kids inherit a lot of you retire with only 3 MIL? That isn't that much unless you plan to do nothing once you retire.
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How will your kids inherit a lot of you retire with only 3 MIL? That isn't that much unless you plan to do nothing once you retire.
quote:assuming 4% rate of return and 30 year draw down that is $14k a month.
How will your kids inherit a lot of you retire with only 3 MIL? That isn't that much unless you plan to do nothing once you retire.
quote:Please post your balance sheet. $3 million is A LOT of money.
How will your kids inherit a lot of you retire with only 3 MIL? That isn't that much unless you plan to do nothing once you retire.
quote:your point is valid that 3 mil may be just enough to get you to death.
I didn't say $3 mil wasn't a lot of money it is. His kids will not inherit a lot of money if he only retires with 3 mil which is what he stated.
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I want free money!
I keep telling my parents to stop spending
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Someone retiring with $3m net worth is in the 97th percentile for all Americans. So if you can't leave something behind as an inheritance for your family, I suggest you ease back on the hookers and blow...
https://dqydj.com/net-worth-in-the-united-states-zooming-in-on-the-top-centiles/
quote:Holy **** this place....quote:your point is valid that 3 mil may be just enough to get you to death.
I didn't say $3 mil wasn't a lot of money it is. His kids will not inherit a lot of money if he only retires with 3 mil which is what he stated.
There may be nothing left.
quote:What does that have to do with having money to leave kids? Everyone has income up until retirement, but a large majority of people not retired (currently working), if they died tomorrow, would have nothing to leave for their kids. Income at the time of death is irrelevant.quote:Yes. I fully expect to have money left no matter when I die. My income won't stop when I retire.
I like all of you assume you know how much you'll have when you die and whether or not it will go to kids.
So tell me, when exactly are you dying?
My grandma just died at 96. You think you'll have money left if you live to 96? Hah.