@ThinkAppraiser uhhhh. Stock market returns 10% per year on average, inflation is like 3%, uncertainty takes another 3%, so you live off the remaining 4%.
You aren't "selling off 4% off your assets to live" you are making 10% of your savings in passive income and living off of 4% of that.
@dividendology The cringe is real. 1) Yes the market goes down but it tends to go up way, way more. 2) This is why they run monte carlo simulations for retirement planning. 3) most people can come out of retirement to bridge gaps if they are unlucky to cover those few years of losses.
@Owennfa Fake.
Under ACA-compliant plans, covered preventive care has no copay, coinsurance, or deductible. That includes routine physicals plus things like blood-pressure screening and certain age-appropriate preventive screenings.
@itsbullionaire_ okay, so put that $5 in the market every day instead. Only takes 18 years to clear $100k.
That's 1/3rd of the time!
But imagine cutting $5 for coffee and $20-30 for fast food per week and eating out ($100/week).
Now it takes only 7-8 years! for a downpayment!
@JBlunt1018@techguru110 > it’s obvious I’m not going to convince you.
Personal example: They fired 6% of our company in 2023 which was about 12,000 people so they could rehire them over seas. They weren't shy about it. They said "expected headcount would be the same as b/f layoffs" by year end.
@JBlunt1018 Work visas are just insourcing: Bring people to the US, pay them less. They get to come to the US so they are willing to work for less.
But then it drives up prices for everything from housing to food since now there's more demand.
@JBlunt1018 They laid off 6% of our company in 2023 and then rehired everyone in Eastern Europe where they could pay them 1/3rd of what they pay us. It's not about talent. It's about money.