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My number is 10,000 USD per month AFTER taxes. Don't ask me but this is what I need to run a family of 4 and just have a little bit extra. So with absolutely s
by codegeek 8y ago
My number is 10,000 USD per month AFTER taxes. Don't ask me but this is what I need to run a family of 4 and just have a little bit extra.
So with absolutely safe investment of a 1% checking account, I would say 12 Million USD in Cash ? I know that there is inflation factor but in 2018, thats the number.
- jklein11 8y agoWouldn't that be ~$10,000 BEFORE taxes?
- codegeek 8y agohaha you are right. Damn, so more than 12 Million cash then. I am better at Math than this.
- sloaken 8y agoDepending on your assests I would consider a short term bond (like 3 to 6 month). At least you should do better than your checking account. Long term bonds runs too many risks IMHO.
- whitepoplar 8y ago6-month T-bills are currently yielding 2.18%. They're pretty much the most secure investment you can possibly make. Vanguard, Schwab, and Fidelity all charge no commissions on treasuries, whether traded on the secondary market or new issues. Fidelity has the added bonus of having an "auto-roll" feature which will automatically invest maturing bonds into new ones of the same type, making for a completely hands-off investment.