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Old 09-18-2007, 08:06 AM   #8
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,009
Quote:
Originally Posted by wildcat View Post
In similar cases that I have read about in the past, these types usually donate a large chunk of their savings to charities. They seem to enjoy work, have minimal needs and would rather see the money go to some social cause.
Probably so. He's used to living on less than $20,000 per year. His SS will cover a lot of that, given his age and his 40 year working history. Something as small as a 1-2% SWR will cover any extra spending needs he would have.

It is a pretty amazing story. An example of the "American Dream", perhaps? Even someone in the lowest paid position can rise to wealth.
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