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Money and Finances
Reply to "Kavanaugh's finances"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Or basics like how much you’d need to save in order to generate $220k annually! TEST: how much does one need to save in order to generate $220k (gross) annually in retirement. Bonus If you factor in adding tax responsibility (how much you need to have $220k NET annually). Extra bonus: how many of you have this saved? [/quote] [b]Except once the house is paid off and the kids are grown and gone (all pre-retirement)[/b] most people do not need to match their annual salary in retirement, or anything near it. Clearly the bulk of his salary is going toward his mortgage and kids' expenses.[/quote] I'm not sure about your math. His house is decades away from being paid off and his kids are nowhere near being grown/done with college. [/quote]
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