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A comment on How I got wealthy without working too hard. Parent comment

Re:How I got wealthy without working too hard by Glyptodon on Thursday November 18, 2021 @12:45PM (#29268239)
I think poster is saying $40k a year is fine in LCOL but not wealthy. And it's the yield of $1 mil.
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Re:How I got wealthy without working too hard by antisthenes on Thursday November 18, 2021 @01:10PM (#29268537)
$40k a year during retirement. That was the original argument.

With mortgage paid off and grown kids and social security supplement, $40k is plenty of money.

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Re:How I got wealthy without working too hard by tunesmith on Thursday November 18, 2021 @02:13PM (#29269238)
Adding in social security is really moving the goalposts. The discussed scenario is about working for less than ten years, which means much younger than 65-72.
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Re:How I got wealthy without working too hard by yupper32 on Thursday November 18, 2021 @06:04PM (#29271732)
They're also including a mortgage that's paid off lmao.

Yeah totally, $40k is plenty. You just need to not have kids, have a paid off house, no loans, live in LCOL area, get grandma's inheritance, have it come from a retirement account with minimal taxes, hope inflation doesn't kill your $40k over time, hope healthcare costs don't continue to rise, etc....

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