Exploiting Silicon Valley For Profit (and Maybe Fun)

Re:Exploiting Silicon Valley For Profit (and Maybe Fun) by drone on Thursday June 21, 2012 @04:04PM (#4143938)

Right now 10-year T-Bills are pulling about 1.65, and inflation is having a nice bounce between 1.7 and 3. Let's even it out at 2 - either way, yes, you're losing money on ultra-low-risk investments. All you can hope for is to reduce the wages of inflation on your balance sheet.

BH annuity is not a bad deal, but losing 2% of your income a year will sound tolerable until about year 5... =)

If you retire mid-twenties on $5M, there's no way you'd make it through 70 on that, if you did nothing else active (read: risky) to increase your income.

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Re:Exploiting Silicon Valley For Profit (and Maybe Fun) by smattiso on Thursday June 21, 2012 @05:08PM (#4144197)

Let's assume your investments keep up with inflation but no more, which is very easy to do. Then essentially you are just living off of your principle. 5MM goes a long ways. 75k a year (in today's dollars) will last you 67 years. That's more than most people make. I'd take that.

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Re:Exploiting Silicon Valley For Profit (and Maybe Fun) by ricardobeat on Thursday June 21, 2012 @05:00PM (#4144159)

You want to spend 50 years on vacation?

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Re:Exploiting Silicon Valley For Profit (and Maybe Fun) by drone on Friday June 22, 2012 @08:56AM (#4146569)

I said nothing of the sort.

Follow the thread UP, and you'll see it's the core of the conversation - as to whether one can live off of 6MM for the rest of your life. I call "ceasing working and living on the money you made previously" retirement, you can call it what you like.

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