4 ms·
Even if he didn't earn any interest and never earned another penny, at an $85k/yr burn, that $3M will last 35 years. Seems alright?
by fortydegrees 6y ago
Even if he didn't earn any interest and never earned another penny, at an $85k/yr burn, that $3M will last 35 years. Seems alright?
- bluedevil2k 6y agoWhat happens when he lives 36 years?
- ceejayoz 6y ago> Even if he didn't earn any interest Hopefully he puts some of it in interest-earning stuff prior to that point.
- bluedevil2k 6y agoThat was more a rhetorical question. The real issue is you can’t predict how long you’ll live so it’s not correct to say “draw it all down evenly over X years”