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Technically, it's possible to retire with $1mm
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Date: January 5th, 2025 5:06 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... A 10% yield is eminently possible, and dividends are taxed much less than ordinary income. $100,000 in divs = freedom.
Why is this boart so obsessed with growth stocks when it's possible to kick back for a least a few years with this? |
Date: January 5th, 2025 5:08 PM Author: human freedom was a failed experiment “imminently”? (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521369) |
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Date: January 5th, 2025 5:10 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... $JEPI $JEPQ $FSK and tons of other low risk options (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521375) |
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Date: January 5th, 2025 5:11 PM Author: human freedom was a failed experiment What does “imminently” mean again (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521382) |
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Date: January 5th, 2025 5:13 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... Sigh, you are correct friend
It's eminently
Should retire now |
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Date: January 5th, 2025 5:14 PM Author: snk neo geo He meant "eminently" leave him alone 🥺😢 (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521394) |
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Date: January 5th, 2025 5:16 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... It was a mistake friend, thank you for forgiving me (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521402) |
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Date: January 5th, 2025 10:10 PM Author: Fucking Fuckface Pretty sure JEPI and JEPQ give only or predominately ordinary dividends. Not viable options outside of Roth. (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48522367) |
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Date: January 5th, 2025 5:10 PM Author: cock of michael obama technically? it's literally what TT did (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521378) |
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Date: January 5th, 2025 5:12 PM Author: Bill DaWall cr you have to flee the country and be a cheapskate in vietnam though. (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521384) |
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Date: January 5th, 2025 5:12 PM Author: zesty just do live in a 3rd world shithole away from family and friends (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521387) |
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Date: January 5th, 2025 5:17 PM Author: .,.,...,..,.,.,:,,:,...,:::,...,:,.,.:..:. The other part of the TT strategy is being a repellant weirdo who doesn't have to worry about having either (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521407) |
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Date: January 5th, 2025 5:21 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... I made like $300k in cap gains this past year from following his advice but he's too nervous with his cash to actually bring it into action
My old strategy was massive divs. And wow appealing now |
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Date: January 5th, 2025 10:20 PM (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48522392) |
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Date: January 5th, 2025 5:15 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... TT doesn't do that, he invests in blue chip tech stocks and other shit (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521401) |
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Date: January 5th, 2025 5:12 PM Author: disco fries (his own flesh as well as all space was still a cage) Probably because we have families and massive overhead and $100k doesn’t come close to cutting it? Maybe if I was single and had nobody to provide for I could kick back, relax, and be a bum with cheap hobbies and few expenses, but I have 4 children, a wife and all the trappings concomitant therewith: house, mortgage, two cars, kids all have bikes, furniture, appliances (some in working order), computers, televisions, iPhones, taxes, HOA fees, and the complete lack of time to keep it all properly managed. (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521389) |
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Date: January 5th, 2025 5:15 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... While true, as divs are taxed much less you could surely do this for a few years at least and not be in huge trouble
Unless all your savings are in 401k/income deferred vehicles. In which case lmao
You wouldn't have to worry about taxes all that much. Think you can earn $70k ib divs tax free actually |
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Date: January 5th, 2025 5:19 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... And $180,000 for you (believe you're at 1.8mm) would most certainly cut it unless kids are planning for private colleges etc (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521417) |
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Date: January 5th, 2025 5:16 PM Author: snk neo geo It's impossible to retire. You'd be lucky to get -10% annual real returns over the next 30 years (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521403) |
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Date: January 5th, 2025 5:18 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... These aren't regular stocks that track the market. They're income vehicles
Look at $FSK |
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Date: January 5th, 2025 5:28 PM Author: snk neo geo Oh wow I wonder why nobody thought of making huge low risk returns with "income vehicles" before. I guess they were just dumb (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521454) |
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Date: January 5th, 2025 5:29 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... Sarcasm doesn't win you any points
I am only looking for a roughly 10% yield, $JEPI would do quite nicely |
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Date: January 5th, 2025 5:34 PM Author: Jeetmaxxer Supreme (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521480) |
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Date: January 5th, 2025 5:31 PM Author: theranchman FS/KKR Advisor, LLC manages FS KKR Capital Corp. (NYSE: FSK), publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. We seek to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S. companies to achieve the best risk-adjusted returns for our investors.
id love for you to explain how this isnt a "regular stock that tracks the market" |
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Date: January 5th, 2025 5:44 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... Lol and oh i could friend, but neither would anyone read nor understand because XO is filled with deferred income chasing losers (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521529) |
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Date: January 5th, 2025 5:49 PM Author: theranchman friend, sounds like youre pushing something that has all of the downsides of cyclicality without the right tail exposure of equities
but tell me, how is this "vehicle" is not dependent on the strength of the market when it invests in "debt of private middle market U.S. companies" |
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Date: January 5th, 2025 5:54 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... Barring a catastrophe (like COVID...) there will always be deals to be made, partners bitch and whine about loser shit
And if the middle markets collapse, what do you think will happen to growth stocks? |
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Date: January 5th, 2025 6:05 PM Author: theranchman "there will always be deals to be made, partners bitch and whine about loser shit"
please explain this sentence further im not sure what is happening
"And if the middle markets collapse, what do you think will happen to growth stocks?"
they will go down significantly. i believe the premise was something to the effect of you can retire on $1mm because you can consistently return 10% using this debt investment. i disagree with the second half of this premise
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Date: January 5th, 2025 10:51 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... Very fair response, but obviously I was considering more than just $FSK. There are many others spread throughout this thread
If you believe in me friend I can help. But you doubt me, like Judas.
I do believe it is possible to achieve consistent 10% returns solely on dividends/distributions
I also believe it's possible to be out of work for a period of time and not have it really turn into a disaster with $1mm not in ordinary income trapped in a pretax joke scheme like a deferred income account |
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Date: January 5th, 2025 5:57 PM Author: zesty (Benzo) (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521592) |
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Date: January 5th, 2025 6:00 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... He's a sweety (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521607) |
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Date: January 5th, 2025 5:21 PM Author: Jeetmaxxer Supreme Usually when an equity has a high dividend yield, investors have a strong expectation that the dividends will decrease massively over time relative to inflation or that the equity will be wiped out by bankruptcy. (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521425) |
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Date: January 5th, 2025 5:24 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... That's a point made well before we had stocks like $FSK
I'm not suggesting $IEP friend
But 10% returns are achievable. |
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Date: January 5th, 2025 5:28 PM Author: Jeetmaxxer Supreme principal invested in FSK is down 35% in the past 5 years, after adjusting for inflation. (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521455) |
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Date: January 5th, 2025 5:37 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... $25 on jan 1 2020
$22 now
Decrease of 12%. So lie
Meanwhile on investment:36% total appreciation solely in divs in 5 years
24% gain in 5 years
That's certainly not a bad decision. Much better than stupid fedshit that stunk up boart 4 years ago |
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Date: January 5th, 2025 5:38 PM Author: Jeetmaxxer Supreme principal invested in FSK is down 35% in the past 5 years, after adjusting for inflation.
are you retarded? |
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Date: January 5th, 2025 5:42 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... On january 3, 2020 price was $24.84 (so i rounded up)
On January 3 2025 it closed at $22.00 (actually $22.13 after hours)
Look on google if you don't believe me
Where the fuck are you getting that advice from. Some degenerate loser at Goldman? Inflation is a meaningless measure |
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Date: January 5th, 2025 5:45 PM Author: Jeetmaxxer Supreme Hey retard, do you know how adjusting for inflation works?
While you mull that one over, let's talk about total returns. 36% total return...So $100 invested is now worth $136.
Meanwhile inflation in the past 5 years has been 34%. So that $136 is worth only $101.8 in 2020 dollars. That's 0.2% inflation-adjusted annualized return....so you could withdraw at most $2000 per year without burning through the capital. Would've done better with a high-yield CD or inflation-protected Treasuries. |
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Date: January 5th, 2025 5:49 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... Lmao so you're the type of loser who actually believes the hype of oooooo inflation so highhhhhhh without understanding we only said that shit to get Trump back into power. Powell lies in order to decrease poors spending
If you don't have a mortgage less than 3% sure that's a problem (i.e. bought in last 3 years) but all of the other shit like gas and food is meaningless
Stop sucking powell's tiny balls. "Inflation protected trasuries" go suck a dick
It's only at most 3% per year. I'd still have a decent gain after 5 |
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Date: January 5th, 2025 5:55 PM Author: Jeetmaxxer Supreme sup johnsmeyer
how's duchess |
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Date: January 5th, 2025 5:57 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... Not JM
Was left out of MPM because too many homosexuals here |
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Date: January 5th, 2025 5:25 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... And deceasing from inflation sure, but $OXLC increased last year...
Granted it's an insane yield. But why not balance that with a lesser yielding blue chip stock? |
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Date: January 5th, 2025 5:28 PM Author: cowgod (cowgod180@hotmail.com) The average net worth for a 65 year old - average not median - is $1,800,000k. This figure includes the upward skew of the wealthy. So it is impossible for there to be something that a person "needs" that requires much more than this, otherwise people would be dying left and right. (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521457) |
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Date: January 5th, 2025 5:38 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... Very true friend (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521499) |
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Date: January 5th, 2025 5:40 PM Author: ate his hummus There are levels of survival we are willing to accept (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521506) |
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Date: January 5th, 2025 6:01 PM Author: Die Hard 2: Die Harder Yet the avg net worth of a 64 year old is 364,000.
Weird twist |
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Date: January 5th, 2025 7:44 PM Author: Jeetmaxxer Supreme That's the median net worth (including home equity) (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48522036) |
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Date: January 5th, 2025 7:26 PM Author: .,.,.,,.,,..,,,.,.,...,.,,.,. link? that seems really high (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521998) |
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Date: January 5th, 2025 7:33 PM Author: Jeetmaxxer Supreme Median is $132k if you don't count home equity. If you do count home equity, the median is $364k. The mean (average) is $1.8M (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48522015) |
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Date: January 5th, 2025 10:17 PM Author: cowgod (cowgod180@hotmail.com) (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48522388) |
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Date: January 5th, 2025 11:05 PM Author: Epistemic Humility re: Existence of Santa Claus State your LSAT before I engage you further (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48522489) |
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Date: January 5th, 2025 7:31 PM Author: disco fries (his own flesh as well as all space was still a cage) Dementia Mom is single and has been a retiree for 8+ years now. She earns $4500/mo or thereabouts from Social Security and a couple annuity payouts. Her largest monthly expense is rent, which I believe is about $2300/mo. She doesn’t eat much and she doesn’t go anywhere so her other expenses are pretty modest even though rent takes up a big piece. I think she’s withdrawn all of $60,000-$80,000 from her IRA in the last 8 years. She last told me the balance was over $1,040,000. I’m trying to get her to get a financial plan from a paid investment professional and drop Fisher Investments which has been stealing $10k-14k from her each year for the last 15 years but she’s as stubborn as a mule and likes being raked over. I guess she finds it titillating. Anyway, I bring this up because she’s a great example of a retiree that didn’t really need to save much at all for retirement. |
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Date: January 5th, 2025 7:41 PM Author: .,.,...,..,.,.,:,,:,...,:::,...,:,.,.:..:. Right, most people by that age realize thing doing sucks and just sit at home. Pretty easy to make it work. (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48522034) |
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Date: January 5th, 2025 7:50 PM Author: disco fries (his own flesh as well as all space was still a cage) Yeah. People really don’t appreciate how much you can save by not doing dumb financial things like home owning or thing doing. She also has a super low tax liability. Financing a retirement does require SOME resources, but for every year extra you work, you’ll need less. Then, when you get rid of major expenses like dependent children or spouses, the single family home, maybe go down to one car, everything gets really cheap by comparison and it’s like living life on cheat mode. If my wife and I were retirement age this year, I think our combined SS/Pension income would be about $145,000. With no kids and no POS SFH to pay for, this would probably cover all expenses and then some. So no real need to save anything for retirement. Retirement savings are more of a rainy day fund/life insurance. |
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Date: January 5th, 2025 10:25 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... You and I should quit work friend
Sunday scaries are real |
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Date: January 5th, 2025 10:24 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... Wow need her to drop Fisher fast friend
And you should do it instead of letting yourself be cucked by idiots
"Investment advisors" are universally idiots. Have you not worked with them? Seriously? |
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Date: January 5th, 2025 10:58 PM Author: disco fries (his own flesh as well as all space was still a cage) She needs to pay some guy to give her a plan of some sort that she can follow. I can’t be involved because she doesn’t trust me and I don’t want to underwrite her future if something goes wrong. If the money runs out, it runs out and she can go to the Medicare paid for home to die. I don’t give a rats ass. And I’m not going to listen to “I let you handle my investments and there’s not enough left!” I have been telling her to leave Fisher and do a 3 fund portfolio for 10 years. I got her the bogleheads guide to investing, I sent her links to Rob Berger’s YouTube channel, I told her that her number one expense outside of rent was sending her so called advisor to Hawaii every winter with his family. She hasn’t budged. She believes that she needs an advisor. She believes that investing is too complicated to understand and she doesn’t want to understand it. She believes that she is of a social class that is “above” DIY personal finance. She has dementia. |
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Date: January 5th, 2025 11:05 PM Author: Epistemic Humility re: Existence of Santa Claus People are dying left and right (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48522488) |
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Date: January 5th, 2025 6:13 PM Author: ,.,,,. Major stock with highest dividend is vz at 6.7%. Or Altria at 7.7%. Both significantly gained in past year but unlikely they have any room to appreciate.. also wu (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521673) |
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Date: January 5th, 2025 10:22 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... VZ less certain than MO or BTI. Cigarettes will never die (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48522396) |
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Date: January 5th, 2025 7:24 PM Author: .,.,,...,...,..,....,...,...,... The stock market has averaged about 11% per year historically with very high volatility. So for all these years, nearly every investor in the world has been willing to risk the volatility of stocks to chase 11% returns when they could have been getting 10% completely risk free, and somehow nobody noticed this other than some pumo on xoxo. Very odd case. (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521994) |
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Date: January 5th, 2025 10:21 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... Eminently possible /=/ entirely risk free
It does mean one should focus less on growth stocks, and that some higher dividends are very possible, and ability to give up work entirely is a very intriguing possibility for many
Dividends also ensure returns even when the market is crashing. Remember that!!! |
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Date: January 5th, 2025 7:25 PM Author: .,.,.,,.,,..,,,.,.,...,.,,.,. with a pension, sure. (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48521997) |
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Date: January 5th, 2025 10:59 PM Author: DewarsDude most XO'ers including myself save too much for retirement. let home equity and SS do and let it ride. the only expense that increases beyond middle age is health care. And that's borne by the Feds, not the Medicare enrollees. Kids' education can be subsidized by moving to Key West and doing nothing. (http://www.autoadmit.com/thread.php?thread_id=5659545&forum_id=2#48522473) |