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I_H8_Crawford · 04-22-2021, 09:26 AM

Just curious with all of the talk of (the lack of) fiscal responsibility in the politics thread - if you were to retire tomorrow, what would you want to have set aside to do so?

Me - I want $2.5 M in liquid assets + a paid off house. Then even at a modest 5% return, that is giving me $125K/year with my biggest expense taken care of.

Bonus question - what do you consider rich/wealthy? Me - I would say anyone with a net worth (excluding primary residence) of $5 Million+ is rich.

04-22-2021, 09:26 AM	#1
I_H8_Crawford Franchise Player Join Date: Apr 2004 Location: Calgary Exp:	What's Your Number? (For Retirement) Just curious with all of the talk of (the lack of) fiscal responsibility in the politics thread - if you were to retire tomorrow, what would you want to have set aside to do so? Me - I want $2.5 M in liquid assets + a paid off house. Then even at a modest 5% return, that is giving me $125K/year with my biggest expense taken care of. Bonus question - what do you consider rich/wealthy? Me - I would say anyone with a net worth (excluding primary residence) of $5 Million+ is rich.