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Despite some in this thread decrying the author, judging him on his life choices, etc. I feel the main culprit in this case is still the healthcare issue. The
by esturk 6y ago
Despite some in this thread decrying the author, judging him on his life choices, etc. I feel the main culprit in this case is still the healthcare issue.
The problem in the US is that proper healthcare is tied to a job. If the author had proper healthcare (say offered by the Government), he may still be in retirement.
For our European counterparts, ask yourself this. Would 900k euro in savings be enough for retirement in Europe?
- twiddling 6y agoThe healthcare issue is a huge one in the US in holding back folks. The patchwork of ACA coverage still being brokered through private insurance companies is a PITA.
- mettamage 6y agoFor a single person, yes. 900K * 0.03 = 27K My strategy (NL) would be: buy a house/apartment for around 300K to 400K to live in (to combat rent inflation). Use the other 500K * 0.03 = 15K to live from. For me personally: - food is 100 euro's (buy things in bulk, buy cheap and micronutrient dense veggies like spinach, don't buy meat, buy frozen fish, etc.) - utilities is 300 euro's (water + electricity + heat + internet + phone) - health insurrance is 150 euro's - disposable income is (15K / 12) - 550 = 1250 - 550 = 700 euro's. Property taxes still need to be paid, entertainment and transportation. I may or may not have forgotten a few things, if it's still too little, then up the withdrawal rate to 4% instead of 3% and buy the 300K house/apartment.