Brolic
High Value Poster
I should have 1.4 mil based off how much I put in my IRA.
Both of us earn more than 50k a year. Most people don’t.
Kevin Samuels Discussion Thread
- Thread starter Ahadi
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I should have 1.4 mil based off how much I put in my IRA.
Both of us earn more than 50k a year. Most people don’t.
So technically you don’t need the 2 mil to survive then, and is he mostly talking about women?
When I hear him say making 2 mil for retirement, I’m thinking a minimum amount to survive, not spend like how he says women want to.
So you don’t really need 2 mil if you live a low budget lifestyle is what you’re saying?
This is basic financial planning:
The 4% rule is an often-cited framework to safely pull money from retirement portfolios.
The metric, created in the 1990s by financial advisor William Bengen, says retirees can withdraw 4% of their total portfolio in the first year of retirement. That dollar amount stays the same each year and rises only with annual inflation. This approach carries low risk of running out of money over a 30-year retirement, according to the rule.
However, the current market environment may mean 4% is too high a safe withdrawal rate for new retirees, experts say.
That’s especially true for those with rigid monthly spending needs, they said. Such individuals don’t have much flexibility to cut back on discretionary purchases (vacations or eating out, for example) if the market goes sideways.
“If you’re someone who has to have a certain amount, 3% is the new 4%,” Blanchett said of the 4% rule. “Because you don’t have a cushion if things do go poorly.”
What’s the lowest you could really live on if you tried to retire today? What in your lifestyle could be cut, realistically? I’d find it hard for you to live below 60% of your current income.
richaveli83
Veteran
I understand where Kevin is coming from with the military but you're right. Women already get taken advantage of in the military but with her?!
At least she went air force because if went Navy, those sailors and possibly Marines would feast on her. Anyone who has been in the fleet will know! 
This shyt still going? 
ask yourself if you grinded your ass off for 50 years, do you want to live on a 30-50k budget especially when you factor inflation 30yrs from now.
The 2 mill msg is usually to women cause they always talking a luxurious lifestyle of trips and stuff
@Mufasa Ahadi Kevin starting to share some of Antons talking points, first it was "Dating is Dumb" now this
It is good to hear him talk to the men about this again, its been long overdue.
It is good to hear him talk to the men about this again, its been long overdue.
Appreciate the tag.
100% this is long overdue. Glad he’s doing this again. A lot of brehs don’t know this.
Connor is 36 making $150K and is stuck paying for his moms mortgage.
Damn.
This dude co signed a mortgage for his 65 yr old mom. cause he makes 150k, but has NEVER talked to a woman out in the open in public before. Wow. He handled him correctly, he is a pushover, no backbone, and needs to live his own life. He's fukkin 36. Wow.
people don't understand this. if you finished out your career for the last decade making 80k, you're not about to downsize to 40k a year for the next 20-30 years because you don't have enough money.
and he just said, these dudes want someone to tell them what to do. and he's right. do your own work, make your own decisions. These dudes have no clue on how to navigate life.
Some of these dudes are worse than the women he talks to.
people don't understand this. if you finished out your career for the last decade making 80k, you're not about to downsize to 40k a year for the next 20-30 years because you don't have enough money.
and he just said, these dudes want someone to tell them what to do. and he's right. do your own work, make your own decisions. These dudes have no clue on how to navigate life.
Some of these dudes are worse than the women he talks to.