UltraMagnus0001@lemmy.world to World News@lemmy.worldEnglish · 8 hours agoMillionaire CEO warns US economic situation could lead to revolutionwww.newsweek.comexternal-linkmessage-square82fedilinkarrow-up1250arrow-down14cross-posted to: [email protected]
arrow-up1246arrow-down1external-linkMillionaire CEO warns US economic situation could lead to revolutionwww.newsweek.comUltraMagnus0001@lemmy.world to World News@lemmy.worldEnglish · 8 hours agomessage-square82fedilinkcross-posted to: [email protected]
minus-squarejaybone@lemmy.ziplinkfedilinkEnglisharrow-up11·3 hours agoIn the US, 1 million is not enough to retire comfortably unless you are already retirement age and can collect social security and Medicare. It’s not like you can retire early on 1 million dollars. That doesn’t even buy you a house where I live.
minus-squarelepinkainen@lemmy.worldlinkfedilinkEnglisharrow-up1·1 hour agoI have a friend who made it big young (well earned IMO, they started working at 15) and they have about 2M in investments. They make 4k/month after taxes just from the stock dividends every year. That’s well enough for a comfortable life over here, as their house and cars are paid for - and the money keeps growing in investments.
In the US, 1 million is not enough to retire comfortably unless you are already retirement age and can collect social security and Medicare. It’s not like you can retire early on 1 million dollars. That doesn’t even buy you a house where I live.
I have a friend who made it big young (well earned IMO, they started working at 15) and they have about 2M in investments.
They make 4k/month after taxes just from the stock dividends every year.
That’s well enough for a comfortable life over here, as their house and cars are paid for - and the money keeps growing in investments.