Could you live off $500K trust fund if own house/condo at age 50?
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Date: October 3rd, 2025 9:34 AM Author: Soul-stirring Regret
i think you'd need a part time job until ss and medicaid kicks in. you put that into treasuries and it's like $20k a year. that'll cover your property taxes, HOA, utilities, car and health insurance. use the part time gig money for entertainment. do that for 10 years then start drawing it down and collect ss. but you're on the edge man, one big house repair or condo assessment or inflation wave and you're fucked.
you're better off selling condo and moving to se asia or latin america where $20k/year is middle class.
(http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2).#49321810) |
Date: October 3rd, 2025 9:42 AM Author: twinkling scourge upon the earth
how much do you have in savings otherwise? i'm trying to get to about 1.2m in taxable accounts so i can just retire and live off like $200k/year for a while until i can get to retirement money. i should be there by age 50.
wife and i have $2.2m or so in retirement funds so i figure by the time i go to withdraw any of that, it should be worth 12-15m. or we are about to go into a prolonged bear market and i'm fucked. either way.
(http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2).#49321824) |
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Date: October 3rd, 2025 10:09 AM Author: twinkling scourge upon the earth
pick nearly any 15 year period on here https://ofdollarsanddata.com/sp500-calculator/
plug in $2.2m
and yes i know that prior results, etc. i think the one timeframe that fucks you is if your starting balance starts running from 2000 after the internet bubble burst. in that scenario, you have like $4.5m by 2015. obviously if something like that happens, i'm in some shit. that said, i have like $600k in the Fidelity bitcoin and ETH ETFs in my 401k plan so let's hope that crypto doesn't also go into a prolonged bear market.
(http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2).#49321895) |
Date: October 3rd, 2025 9:55 AM Author: hideous sapphire brethren
House free and clear?
No wife / kids?
That's maybe $30k of cash annually if handled properly
good luck
(http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2).#49321848) |
Date: October 3rd, 2025 1:58 PM Author: talking shrine
How would you guys handle retiring now with the following:
1 million in brokerage account
50k in bank accounts
850k in crypto
(http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2).#49322444) |
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Date: October 3rd, 2025 2:07 PM Author: talking shrine
Early 40s
Family can figure out their own retirement
$800/month mortgage
Shithole city about the US average cost of living
No known health issues and no care if I were to get any
(http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2).#49322474) |
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Date: October 3rd, 2025 2:23 PM Author: twinkling scourge upon the earth
i am a believer in $1m BTC. i have like $450k of my 401k in the fidelity bitcoin ETF and another 200k in the ETH etf. also have like $200k in solana on coinbase.
anyway, i think the bitcoin will make you rich but who knows. that is the real determinant here of whether retirement now is a good idea.
how old are you? that is important. regardless of age, i would feel a little bit nervous retiring on $1m but it could work.
(http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2).#49322531) |
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Date: October 9th, 2025 11:56 PM Author: effete hissy fit
The Affordable Care Act (ACA) sets a cap on how high the out-of-pocket maximum can be for most plans.
For 2025--
Individual plan: $9,200.
Family plan: $18,400.
$1K per month in premiums + $18.4K OOP max = $30.4K max.
> I'm paying close to $40k per year on health care costs alone, and that's assuming that neither of us gets seriously ill.
So you're paying closer to $30K per year on health care costs; whether you get seriously ill does not change that. Once you've hit the OOP max, insurance picks up the excess.
Further, if you know you will hit the OOP max every year, you can shop plans with lower OOP maxes (and lower deductibles) but higher premiums -- it's simple math to determine whether the combined premium + OOP max is cheaper than your current plan ($30.4K). From personal experience, you can likely find something cheaper, perhaps significantly so.
If it's only your wife who has high healthcare costs, you should buy individual plans separately. She should buy an individual plan with a very low OOP max (a Gold or high Silver plan on the exchange). Yes, the premium will be high, but only her's (not yours), and it will quickly cover 100% of her medication costs once you reach the $6K OOP max on her plan or whatever.
(http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2).#49338599) |
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