CoconutLove@lemmy.today to Ask Lemmy@lemmy.world · 18 days agoWhat minimum amount of money in your bank account would make you feel comfortable never working again?message-squaremessage-square125linkfedilinkarrow-up1101arrow-down12
arrow-up199arrow-down1message-squareWhat minimum amount of money in your bank account would make you feel comfortable never working again?CoconutLove@lemmy.today to Ask Lemmy@lemmy.world · 18 days agomessage-square125linkfedilink
minus-squareadarza@lemmy.calinkfedilinkEnglisharrow-up6·edit-217 days agoput the money in a standard index fund. take $25k per million out first year. increase that dollar amount by 2.5 percent annually to account for inflation. should last indefinitely unless some moron in a white house blows up the country.
put the money in a standard index fund. take $25k per million out first year. increase that dollar amount by 2.5 percent annually to account for inflation. should last indefinitely unless some moron in a white house blows up the country.