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"to any remotely normal person'. How normal is this in the grand scheme of things? Roll a million-sided dice and select a random person: let's say, somewhere in
by Applejinx 5y ago
"to any remotely normal person'. How normal is this in the grand scheme of things? Roll a million-sided dice and select a random person: let's say, somewhere in the USA to steelman the argument. How often will you get a person in a two-income family where the incomes combine to the $300k and up range?
I'm not at all sure $300k will get you to that 'living on your interest' point in all places in the USA, either, and that makes it tougher on the argument. There are plenty of places where $300k will not let you put away a blessed thing in any retirement plan, and those are the places where people earn these 'insane' sums.
- bigyikes 5y agoIn San Francisco at least, if you make even 100k you can still make significant retirement contributions. I can’t really think of any place where you could not save up on 300k income.