@zachmelloh26 Been fortunate enough to feed a taxable account for the past 10 years. It just eclipsed my 401k total. Pulling the cord this year and going to use the brokerage account for the next 10-12 years and then transition to Roth & Traditional accounts.
You're 50-years old
You have:
No debt
No mortgage
$2,000,000 invested
With the 4% rule, you can safely pull out ~$80,000 per year
Is that enough to retire comfortably?
@MiniRetireMatt Absolutely. Also if you have a fair amount in a taxable brokerage you can manage it much better control taxes and take advantage of ACA. Just live within your means and enjoy a life full of freedom!
@madfientist I tested it out a while ago, wasn’t too impressed. But heard they have been making updates all along, so might need to check it out again.
@asteadyvoice@dividendology It’s definitely possible depending on the yearly expenses and how the 2Mil is invested. There are family’s who have successfully retired early in less than 2 Mil.