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I know several people with normie jobs (not tech related or government) and normie lifestyles that saved up enough money to never need to work again by 50 while
by jandrewrogers 8mo ago
I know several people with normie jobs (not tech related or government) and normie lifestyles that saved up enough money to never need to work again by 50 while still maintaining their lifestyle. Most still work because they have no idea what to do with their time even though they don’t need to work anymore.
You can easily derive that this is possible from the median household finance statistics published by BLS, never mind the upper class. It isn’t that hard if you care to do it.
- raw_anon_1111 8mo agoNo one is doubting that it is possible to save enough to retire by the time you’re 50 - as long as the ACA and the open market is viable.
- snayan 8mo agoJust leave the US, problem solved.
- raw_anon_1111 8mo agoI said in another reply, that’s actually a real Plan B. We are going to stay in Costa Rica for 5 weeks starting next week and my wife and I are both learning Spanish now. I’m at around an A2 CEFR level. I’ve already researched the residency requirements for both there and Panama
- infinite8s 8mo agoThere are definite costs to this in terms of continued US taxation as an expat, especially if there isn't a tax treaty in place.
- raw_anon_1111 8mo agoCosta Rica doesn’t tax foreign income. But logically it only makes sense to establish residence there if I am not working. CAJA - their healthcare system would be about the same price as my employer provided healthcare. I already don’t pay state tax living in Florida and I would pay federal tax either way.