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3M is not even close to enough for retirement in Silicon Valley. Also... 1.6M after taxes.
by ztratar 8y ago
3M is not even close to enough for retirement in Silicon Valley. Also... 1.6M after taxes.
- Kye 8y agoI thought the usual track was Move to SV -> Get rich -> Retire somewhere cheaper. ~1 million is plenty almost anywhere on the planet. Especially if they go the FIRE route.
- opportune 8y agoyeah some guy who just sold a multi-billion dollar company is going to retire with a $40k/year withdrawal rate? lmao
- puranjay 8y ago$1M isn't plenty for everywhere. Even in India, $400-500k is what you would need to buy a new 3-4 bedroom apart in a good area of, say, New Delhi. In Mumbai, $1M is the bare minimum
- mattbreeden 8y agoWould they not get long term capital gains rates?
- vkou 8y agoYou don't have to retire in the Valley. Why would you want to retire in the Valley? Everything there optimizes for bilking outrageous sums of money from overworked young people who are getting paid said outrageous sums of money. Actually, I could think of dozens of places I'd rather retire in, over the Valley.