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Reply to "Can 29yr old live off $1.5 million w/working?"
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[quote=Anonymous][quote=Anonymous]Reading through the thread, the 75K # came from 5% municipal bonds. It is doubtful that this 29 year old has the type of account that would allow him to direct buy MB on par value, and even if he did, it would take a good deal of research to understand what and which bonds to buy himself. More realistically, he is looking at 45K/year (3%), and hope he doesn't hit major, unexpected expenses along the way, and stays healthy until he drops dead before his money runs out. You can't compare a young person with 1.5M and never working again to a person who is gainfully employed for even a decade or two. [/quote] Let's at least assume he knows how to buy a 30-year treasury (which is simple), which yields 4.74%. So, that's $71,100.[/quote]
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