What’s Going On With GME???

Joined
Dec 19, 2017
Messages
16,533
Reputation
4,844
Daps
66,213
Don't feel like I've got retirement numbers unless it hits $100k/share.

DRS = 60
Fidelity = 60
Schwab = 8

Honestly probably need $150k/share to actually feel comfortable retiring. That would shake out to $19.2M. Then doing some dirty math....if all the share are long term securities (held for 12 months or longer), the capital gains tax is 20%.

Not gonna calculate the difference between cost basis and share price when sold...but conservative estimate would be me taking home $15.4M. At that level, I'd be good with wifey retiring. I would work a bit longer and set myself up good before joining her.

$25M+ after taxes and I'm giving my 2 weeks notice ASAP.
 

threattonature

Veteran
Joined
May 1, 2012
Messages
24,794
Reputation
4,062
Daps
80,104
Don't feel like I've got retirement numbers unless it hits $100k/share.

DRS = 60
Fidelity = 60
Schwab = 8

Honestly probably need $150k/share to actually feel comfortable retiring. That would shake out to $19.2M. Then doing some dirty math....if all the share are long term securities (held for 12 months or longer), the capital gains tax is 20%.

Not gonna calculate the difference between cost basis and share price when sold...but conservative estimate would be me taking home $15.4M. At that level, I'd be good with wifey retiring. I would work a bit longer and set myself up good before joining her.

$25M+ after taxes and I'm giving my 2 weeks notice ASAP.
Where the hell you live that 15M wouldn't be enough to easily retire on? I'm thinking with just 3-5 million I'd set lol.
 

bnew

Veteran
Joined
Nov 1, 2015
Messages
65,669
Reputation
10,118
Daps
177,913
Where the hell you live that 15M wouldn't be enough to easily retire on? I'm thinking with just 3-5 million I'd set lol.

he's trying to retire and stunt.
full
 
Top