@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!