1. I accept that I am under the control of a higher power (Muppet).

Wabi, do you have the answer to this?

The premise of "an income I can live on comfortably", to me is a little questionable. This number is of course different for everybody, but just looking at an income of $80,000, one would need a portfolio of $2.3M to achieve that. Assuming a 3.5% dividend, which is probably generous with these type of stocks.
I am 55 and just about half way to that point, and I made an above average income with a pretty decent 401k. My point here is that for the vast majority of Americans this is totally unrealistic. What is the average American going to be able to do to secure a decent retirement?
Permalink AlFranken 
January 10th, 2018 12:49pm
by the way, that was a comment from a random guy on the internet...
Permalink AlFranken 
January 10th, 2018 12:54pm
The average American is fucked, especially at retirement age.
Permalink Zaq 
January 10th, 2018 12:56pm
Wabi lived on $30K last year. Why does this guy need $80K?

Furthermore let’s forget the majority and focus on tech. You should be making 200K. That turns into 10K a month take home. Live on 5K. Save 60K annually.

In 20 years, I think you’ll have 2M in assets. Fully replacing the $5k / month you’ve been living on. You can also spend down capital.
Permalink Q 
January 10th, 2018 1:05pm
Until your wife divorces you and takes most of your assets?
Permalink Zaq 
January 10th, 2018 1:08pm
Wabi lived on $30K last year.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

If Wabi moves to Thailand, I believe he can live on $15K a year.
Permalink AlFranken 
January 10th, 2018 1:15pm
The downside is every morning, you will see: "This is Wabi. Good Morning, Thailand!" headline on CoT everyday.
Permalink AlFranken 
January 10th, 2018 1:16pm
> Until your wife divorces you and takes most of your assets?

Losing half your assets would be very problematic. Don’t do that
Permalink Q 
January 10th, 2018 4:51pm
>Wabi lived on $30K last year.

I lived on £24K covering three adults and thought that was quite spendy.

Of course everyone who spends more than me is a spendthrift and anybody who spends less is cheap and tightfisted.
Permalink library_uk 
January 11th, 2018 4:48am
Nice work. Can you share your budget?
Permalink Q 
January 11th, 2018 6:25am
I am more curious about the budget of people who spend like $ 100,000
Permalink Lotti Fuehrscheim 
January 11th, 2018 6:34am
If you get a new car every year, eat out a lot, put your kids through private school (they call them public schools in the UK, weird, huh?), go on 2+ exotic holidays/year and have a big mortgage, you can burn through money.

Of course in the great US, getting an expensive but slow disease will wipe your money out pretty quick too.


...and if your kids need their teeth fixing!
Permalink Zaq 
January 11th, 2018 6:42am
My old school currently charges £36,984 per year.

(That's $49,856).
Permalink Lindybeige 
January 11th, 2018 6:53am
Bryanston?
Permalink library_uk 
January 12th, 2018 9:23am

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