clifp
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Oct 27, 2006
- Messages
- 7,733
As I posted on the MMM forums.
I find it a bit disingenuous that he is talking about retiring in your 30s with only $500-$600K with a family to support, when his wife worked for most of it and he soon started a blog which turned out to be a gold mine.
I know we have a few forum members living on 24k a year, and fair number that have under million (although it seems most of these have a pension now or in their future.)
It's the combination of very young retirement age, and not particularly safe 4% withdrawal rate, and spending rate close to the poverty level which concerns me.
Now the forum as whole may be overly conservative which leads to OMY. However, with the challenge of finding a good paying job over 40 and especially 50 if your investment good south or your spending goes north, being conservative isn't too bad.
I find it a bit disingenuous that he is talking about retiring in your 30s with only $500-$600K with a family to support, when his wife worked for most of it and he soon started a blog which turned out to be a gold mine.
I know we have a few forum members living on 24k a year, and fair number that have under million (although it seems most of these have a pension now or in their future.)
It's the combination of very young retirement age, and not particularly safe 4% withdrawal rate, and spending rate close to the poverty level which concerns me.
Now the forum as whole may be overly conservative which leads to OMY. However, with the challenge of finding a good paying job over 40 and especially 50 if your investment good south or your spending goes north, being conservative isn't too bad.