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Depending on where you live (and whether you own property) that may not be a lot if you are the only breadwinner with a family to raise.
by r00fus 5y ago
Depending on where you live (and whether you own property) that may not be a lot if you are the only breadwinner with a family to raise.
- sgerenser 5y agoEdited my comment. The $1M is essentially on top of whatever you’d normally be able to save. If that is a lot more than $0 then most people would be in a pretty good position to take a lower paying job for as long as they want then retire comfortably.
- ska 5y ago> epending on where you live (and whether you own property) No, it's a lot for 4-5 years anywhere. This is on top of a pretty decent salary. For most working folk, putting this much aside in cash-equivalent over entire career is hard. GP is talking about going from a high base salary to decent base salary, while using the extra comp (estimated here at approx 1mm) to smooth the impact of the drop in base. This is very manageable.