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I wonder where they are retiring. 4% of $500k (considered a "safe" withdrawal for retirees of traditional retirement age) is $20k/year. Even if you own your hom
by ac29 7y ago
I wonder where they are retiring. 4% of $500k (considered a "safe" withdrawal for retirees of traditional retirement age) is $20k/year. Even if you own your home outright, thats pretty light anywhere in the US.
- Digory 7y agoLikely planning on heavy withdrawals for a few years until social security kicks in. Would be interesting to imagine a world where US retirees are subject to the same safety nets as younger Americans.
- sct202 7y agoFrom what I've seen some end up in very non-traditional housing situations abroad or in the states like one woman lives in a train car. The ones who blog about it also pick up side jobs (blogs, gig jobs, light freelancing) to make up a few thousand at least a year. And then none of them have kids or plan on having kids.