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Reply to "Can 29yr old live off $1.5 million w/working?"
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[quote=Anonymous]It’s possible. Sounds like his housing costs are just taxes and insurance…not sure where he lives but that might only be $600/month. If he invests in highly rate 30 year municipal bonds at 5% (absolutely doable right now) in his home state, that’s $75,000 with zero taxes. Hopefully, he would work some job that he enjoys for health insurance and also to increase social security at 65. I would say it gives him financial freedom if he doesn’t do anything stupid. [/quote]
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