Can you retire with $1.2M liquid at 45?
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Date: April 19th, 2017 11:15 PM Author: Low-t pervert
NOt "cheap" but cheaper. Says it's around $20k a year for Oxford/Cambridge for tuition. Big plus is that uni is only 3 years in the UK, not 4.
I know some people who got in from America who then did a maths/econ course, who were way behind in math and had to take remedial courses....I think European secondary education is better at math/sciences.
https://www.topuniversities.com/student-info/choosing-university/oxford-or-cambridge
I think they look more at your AP scores for admissions - it's kind of like their version of A levels. YOu'd probably need straight 5s in whatever subjects they need for your course area and you apply for a particular major and stay in it. There is no 'liberal arts education' bullshit. So for maths, you'd prob need like straight 5s in AP Calc BC, AP Stats, AP Physics and some other science...but i dunno specific course reqs. Also each college within the unis do their own admissions. In the UK, you apply to either Oxford or Cambridge. If you get an interview, they "offer" you a conditional offer - you have to get certain scores on A-levels to qualify. If you don't make exam scores, you don't get a firm offer.
(http://www.autoadmit.com/thread.php?thread_id=3589741&forum_id=2#33115659) |
Date: April 19th, 2017 11:03 PM Author: Low-t pervert
I'm prob going to retire from GC flame work at 40 with 1 million liquid. Spouse will prob keep working some low stress job making high five figures.
I might just work part time as a vet tech or do something else with animal doods.
(http://www.autoadmit.com/thread.php?thread_id=3589741&forum_id=2#33115543) |
Date: April 19th, 2017 11:07 PM Author: fighting vigorous dopamine
the problem is, even if your mortgage is fixed for the next 30 years, your taxes, insurance, and other expenses could go up drastically.
$1.2 million for such a long period of time would make me nervous. though if your mortgage is that dirt cheap, I'm assuming you live in a very low COL area.
(http://www.autoadmit.com/thread.php?thread_id=3589741&forum_id=2#33115590) |
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Date: April 19th, 2017 11:13 PM Author: fighting vigorous dopamine
explain how "bookstore clerk" is an awesome job. First of all, who knows if bookstores will even exist by the time he's 45, because a lot of them are shutting down as it is. That issue aside, any customer service job like that can be stressful if you have to deal with rude/insane/ghetto customers. that's not how I'd want to spend my retirement.
At 45, he could easily live another 40-50 years. That's a very fucking long time. I'm also guessing he won't get maximum social security from retiring so early.
To make that money last, he'd need to do more than keep it in a CD or savings account paying shit. Which means something more risky, which can be a problem too.
If he wants good advice, I would say, work another 5 years, get the savings up to $1.6 million or so... he'll have more cash up front compounding, and he'll have less time to need it for.
(http://www.autoadmit.com/thread.php?thread_id=3589741&forum_id=2#33115646) |
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Date: April 19th, 2017 11:37 PM Author: pungent factory reset button
if u don't like the job, though, u can just walk
the standard withdrawal rates like 3.5% and 4% are based on stuff like 70% equities/30% fixed income portfolios and factor in events like black monday, GFC, etc. and assume that u'll never go back to work and that u'll never collect social security
if anything that is unduly conservative since it's exceedingly unlikely that someone who made $1 mil relatively early in life won't make another dollar ever for the rest of his life
that being said, there's nothing wrong with bumping up the savings a bit since freedom is sort of useless if u can't sleep well at night
(http://www.autoadmit.com/thread.php?thread_id=3589741&forum_id=2#33115798) |
Date: April 19th, 2017 11:12 PM Author: odious juggernaut
lol
not after honestly inflation adjusted. look at the money supply AKA QE that's said to have solved the great recession.
it's a ticking timebomb. it's actually... i've resisted saying this since 2006 but it's just true... it's a pyramid scheme.
metals, maybe bitcoin/crypto - that's really your best bet but you're guaranteed to fuck up if you don't get it in and out - or real estate.
(http://www.autoadmit.com/thread.php?thread_id=3589741&forum_id=2#33115632)
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Date: April 20th, 2017 9:04 PM Author: White misanthropic indirect expression garrison
I could.
You couldn't.
(http://www.autoadmit.com/thread.php?thread_id=3589741&forum_id=2#33122571) |
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