Am following rayinpenn's post:
http://www.early-retirement.org/forums/f28/the-fire-movement-s-champions-hidden-realities-95517.html#post2166002
... and don't want to hijack a very interesting thread, but it raised a question with me, so am posting it here.
This is to address being retired without the accepted "nest egg". Simple numbers:
Invested... $250,000 in I bonds, paying 5% equals $12500/yr.
Social Security $27,000.
Total income $39,500.
Total expenses $38,000.
No State or Federal Taxes.
OP reserves the right to reply.
http://www.early-retirement.org/forums/f28/the-fire-movement-s-champions-hidden-realities-95517.html#post2166002
... and don't want to hijack a very interesting thread, but it raised a question with me, so am posting it here.
This is to address being retired without the accepted "nest egg". Simple numbers:
Invested... $250,000 in I bonds, paying 5% equals $12500/yr.
Social Security $27,000.
Total income $39,500.
Total expenses $38,000.
No State or Federal Taxes.
OP reserves the right to reply.