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Reply to "Net worth over $20 million"
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[quote=Anonymous][quote=Anonymous]20M is not rich. Using a 3% withdrawal rate you will have an inflation adjusted 600k per year to spend in retirement. That is a comfortable upper middle class lifestyle at best. People vastly underestimate taxes, the cost of healthcare, and the cost of home maintenance. [/quote] Are you retired? We are and live a very comfortable lifestyle on less than half that. Two homes, international travel, nice dinners at good restaurants, generous with our kids and grandkids, etc. [/quote]
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