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I live in the US (expensive east coast). Here, you get average of 1% yield on your bank which is considered high yield btw. So 1% per year before taxes is 100,0
by codegeek 13y ago
I live in the US (expensive east coast). Here, you get average of 1% yield on your bank which is considered high yield btw. So 1% per year before taxes is 100,000. Thats a min. pre-tax that I need.
Note that I did not mention anything about investing/markets etc. because those are not guaranteed.
- wtn 13y ago30-year Treasury yield is about 3.1%
- thesis 13y agoIf you ever have a decent amount of money to put away please talk to a reputable financial planner. Also commenting on your "note" that you added on. Investments aren't guaranteed... but putting all that money in a bank isn't guaranteed either. FDIC only insures so much.
- codegeek 13y agoI know. I personally suck at investments and I am sure I can do better in general. i feel like I can make money but no idea how to grow it. Def. need financial advising but not quite there yet :).