Comment on [deleted]
CosmicCleric@lemmy.world 7 months agoIn different States in the US you need a whole lot more money to retire on than in other States.
Comment on [deleted]
CosmicCleric@lemmy.world 7 months agoIn different States in the US you need a whole lot more money to retire on than in other States.
cricket98@lemmy.world 7 months ago
You can retire off a million dollars of assets easily
CosmicCleric@lemmy.world 7 months ago
The hell you can, not in certain regions of the US. Don’t know about the rest of the world.
afraid_of_zombies@lemmy.world 7 months ago
You can you just have to redefine what easy means. Get some land in the deep south, put a trailer on it, and sign up for every government benefit.
CosmicCleric@lemmy.world 7 months ago
Yep. Be smart, and live within your means.
cricket98@lemmy.world 7 months ago
maybe not san fransisco but in most parts of the us you can retire off $1m can’t believe this is controversial
CosmicCleric@lemmy.world 7 months ago
San Diego (and all its suburbs), Los Angeles (and all its suburbs), San Francisco, etc. etc. etc. Basically any major city in wealthyish states.
its not controversial, its just that there’s a variance in cost of living, based on where you are in the US. Last I heard, a few years ago, one million was the absolute minimum that you needed.
Try Googling “How much do I need to retires on?” and see the answers that you get.
Fidelity says the following …
And even they call that formula “ambitious”.