LinkedIn User Breaks Down Why $10 Million Isn't Enough for Retirement

[Insensitive]

I mean, literally invest the 6.4 into index funds and you're back at 10 million
in a few years.
With a fukking $400,000 A YEAR draw down ( at . 04%)
You'll literally never run out of money.
lol.

If he don't know what to do with it, please, pass it to me.

 

[Sauce Mane]

Honestly that’s good money to retire in nyc

If he invests rest and withdraw 3-5% of that every year his money will only grow

By the time he 60 he will have over 10 million in stocks

Dumbass babble post

 

[NatiboyB]

You did 20?!

Did 22 ultimately

 

[Regular Developer]

Its been proven that to have successful posts on LinkedIn, your posts actually have to be low quality....like this

 

[the elastic]

Did 22 ultimately

That's a lot of counselings and safety briefings



Can't wait to use my VA loan one day

 

[Elim Garak]

shyt give me the 10m and I'm retiring right now.

 

[Amo Husserl]

That white math is a mf

 

[Gloxina]

Soooooooooo wtf is he selling

 

[Gloxina]

shyt give me the 10m and I'm retiring right now.

Right?! I had an advisor back in college who was like “give me $1million and I’m out. I know how to invest”. I didn’t understand what she was saying when I was 19, I do now

You can make it happen as long as you know how

 

[Striving For Greatness]

Steak the 6Ms and make about a quarter million a year

 

[Arizax2]

Brah is dumb. First off the goal is to have your home paid off prior to your retirement. Secondly you don't pull all your retirement out at once. You pull it gradually 4-8 percent a year while the rest of the monet is still being invested. That stretches it out. In addition u still got social security. If your married it's even better because hopefully your spouse was responsible enough to prep for retirement and that person will also have social security.

 

[analog]

This is the equivalent of the "I could've smashed Halle Berry but I had to work and shyt" meme

This nikka talking about making 10M like it's a walk in the park. How about you make it first before complaining that it ain't enough for retirement

 

[L&HH]

He's an idiot.

Investing 5.6m into index funds and withdrawing at a rate of 3%-4% will return 168k-224k per year while your principle remains relatively the same.

If you can't survive off of that, even in NYC with a family, you have bigger problems.

Came to say this. He’s doing everything wrong. You’re not supposed to to spend the millions. Dump it all into an interest bearing vehicle and live off of that. You can get damn near 5% in savings accounts from many banks. 5% of $6.4 million is well over $300k a year, that’s taxed but still more than enough to live off of.

 

[Gloxina]

He's an idiot.

Investing 5.6m into index funds and withdrawing at a rate of 3%-4% will return 168k-224k per year while your principle remains relatively the same.

If you can't survive off of that, even in NYC with a family, you have bigger problems.

Came to say this. He’s doing everything wrong. You’re not supposed to to spend the millions. Dump it all into an interest bearing vehicle and live off of that. You can get damn near 5% in savings accounts from many banks. 5% of $6.4 million is well over $300k a year, that’s taxed but still more than enough to live off of.

This is the white persons version of a scammer. He panders doom and gloom but wants you to invest in some shyt he’s selling.

Buy his program

Buy his books, etc.


And who tf would want to retire in NYC? For 10 million, I’m building a crib somewhere overseas if Im retiring.. or moving to a retirement friendly community

Also needing to have side income

/thread

 

[Chrishaune]

Well give me that $6.4 milly then ninja.

I already know what to do with it.