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Reply to "$7M vs $10M"
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[quote=Anonymous][quote=Anonymous]$10m liquid sound be 350-500k in annual cash flow if invested properly 7M would be 250 -350k And extra 10k+ a month is a huge lifestyle difference. It’s the difference of a 2M beach house [/quote] 350-500K cash Flow for how many years. It really depends upon your age, housing costs, number of kids to put thru college, etc. Also how long do family members typically live. Seriously my one Side of the family lives to late 90s typically, especially the women, the other side all lived until late 80s even with major health issues (obesity, diabetes, HBP, heart issues, etc), so I feel the need to assume I'm making it to 90-95 potentially and need to plan accordingly. I wouldn't retire at $10M, but then again I'm not retiring at $30M either...waiting for all kids to be thru college, then time to travel and be done with work[/quote]
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