I spoke the other day about rich people whingeing that they don’t have enough to retire in luxury. In today’s news there is a 67 year old man who hates his job and wants to retire. However the poor thing only has $700K saved up. This only gives him $28K a year in interest. sadness Poor old dear still hasn’t paid off his mortgage so how will he manage on that?

How the other half live.

  • RION [she/her]@hexbear.net
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    4 days ago
    1. We don’t know the gender of this person

    2. Rule of 4% is just for a period of 30 years. The math doesn’t become less correct based on age. It was originally conceived in 1994 for people retiring 62-65. With increases in life expectancy since then I don’t think 67 is too far of a stretch to apply it.

      • Z_Poster365 [none/use name]@hexbear.net
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        4 days ago

        In today’s news there is a 67 year old man who hates his job and wants to retire.

        I was going off of this from OP, I thought they knew this person personally and didn’t see the hyperlink