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Again, talk to your accountant... You might be able to take out small amounts strategically to avoid the 40k threshold. I may be mistaken, but isn't FIRE tell
by mgh2 5y ago
Again, talk to your accountant...
You might be able to take out small amounts strategically to avoid the 40k threshold.
I may be mistaken, but isn't FIRE telling people to live off 4% of their investments forever? If the goal is 1 million, that is exactly 40k.
The math works out perfectly to leech on society - and
(this is just a hypothesis) possibly causing S&P 500 ETFs to inflate as these FIRE "retirees" promote their methods online, creating a feedback loop and illusion of ever-increasing stock market boom for the last 10 years