FWIW, retirement studies would suggest a 4% withdrawal rate the first year, and increasing for inflation each year after. There are some other ways to go with this, but it’s a good starting place.
It’s ok. I’ll take that pesky $1,000,000 and earn that paltry $75,000 in annual interest for doing nothing. It’s ok. I’ll allieviate you from the stress of thinking how worthless it is to you. Yes, I’ll allow that.
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A worker earning $36 an hour wouldn’t make $75,000 a year.
The millionaires are fine.
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Oh, did I say $33/hr? Oops, I meant $36/hr.
$36 an hour × 40 hours × 52 weeks = $74,880
You know how much insurance costs on a Ferrari?
…/s. Any Replacements fans out there?
Please direct me to these ez pz 7.5% returns.
https://www.businessinsider.com/personal-finance/banking/7-percent-interest-savings-accounts#:~:text=See how we rate banking,rate is Landmark Credit Union
Probably not what you are looking for (with the limits and terms), but you get the idea.
FWIW, retirement studies would suggest a 4% withdrawal rate the first year, and increasing for inflation each year after. There are some other ways to go with this, but it’s a good starting place.
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It’s ok. I’ll take that pesky $1,000,000 and earn that paltry $75,000 in annual interest for doing nothing. It’s ok. I’ll allieviate you from the stress of thinking how worthless it is to you. Yes, I’ll allow that.
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