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Feb 12th, 2024
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 Re: how long will his money last?
[Re: Cochise]
#7527738
06/05/19 04:13 PM
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Joined: Jan 2011
Posts: 65,518
SnakeWrangler
THF Celebrity
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Posts: 65,518 |
I would say he's better off retirement wise than 90% of Americans.
I believe in science and I’m an insufferable [censored] Actually, BBC is pretty damn good "You Cannot Simultaneously Be Politically Correct And Intellectually Honest!"
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Re: how long will his money last?
[Re: redchevy]
#7527746
06/05/19 04:17 PM
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Joined: Oct 2008
Posts: 16,738
68rustbucket
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Posts: 16,738 |
Is he going to get social security? Does the 750k count all of his retirements etc.
With no interest earned, no social security and nothing else he has 3,125 a month for 20 years. As long as he doesn't buy guns like you do I think he will be fine. Earning 5%, its $3125 in interest a month before tax.
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Re: how long will his money last?
[Re: Buzzsaw]
#7527748
06/05/19 04:17 PM
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Joined: Jun 2011
Posts: 33,946
Buzzsaw
OP
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OP
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Posts: 33,946 |
he gets $4586 per month from VA and SS combined
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Re: how long will his money last?
[Re: Buzzsaw]
#7527765
06/05/19 04:34 PM
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Joined: Oct 2008
Posts: 16,738
68rustbucket
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he gets $4586 per month from VA and SS combined If he can’t live on that, plus the interest on the $750,000, he might need to make some lifestyle changes.
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Re: how long will his money last?
[Re: 68rustbucket]
#7527784
06/05/19 04:57 PM
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Joined: Oct 2004
Posts: 39,536
redchevy
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he gets $4586 per month from VA and SS combined If he can’t live on that, plus the interest on the $750,000, he might need to make some lifestyle changes. What some folks spend to me is crazy. Im in my low 30's two kids in daycare and a mortgage and I can and most months do get buy spending less than just the 4,586.
It's hell eatin em live
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Re: how long will his money last?
[Re: Buzzsaw]
#7527788
06/05/19 05:03 PM
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Joined: Jul 2007
Posts: 35,118
Brother in-law
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he gets $4586 per month from VA and SS combined One upper thread I wish I made that a month
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Re: how long will his money last?
[Re: Buzzsaw]
#7527792
06/05/19 05:07 PM
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Joined: Sep 2004
Posts: 12,392
RedRanger
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Posts: 12,392 |
he gets $4586 per month from VA and SS combined He could move to Central or South American or Southeast Asia and live like Donald Trump
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Re: how long will his money last?
[Re: Buzzsaw]
#7527794
06/05/19 05:09 PM
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Joined: Sep 2004
Posts: 12,392
RedRanger
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He has $750k cash assets, and gets another $4586 per month from SS/VA
This dude needs to start spending and stop saving.
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Re: how long will his money last?
[Re: RedRanger]
#7527799
06/05/19 05:12 PM
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Joined: Jan 2010
Posts: 23,830
beaversnipe
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Posts: 23,830 |
He has $750k cash assets, and gets another $4586 per month from SS/VA
This dude needs to start spending and stop saving. Pretty much $90,000 per year spending money. Go ahead and start buying some guns.
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Re: how long will his money last?
[Re: RedRanger]
#7527839
06/05/19 05:52 PM
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Joined: Aug 2005
Posts: 20,930
Sniper John
gumshoe
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gumshoe
Joined: Aug 2005
Posts: 20,930 |
He has $750k cash assets, and gets another $4586 per month from SS/VA
This dude needs to start spending and stop saving. No joke. If the $4586 were and annuity, figured in with the cash value of what that would cost, whatever equity in property he has, and his $750k, he is worth well more than a million. He might should get much of that $750k out of cash and into some index funds high/low risk proportioned per how much risk he is willing to take. Maybe even at this point in his life look at part of it in some high dividend blue chip stocks, let it ride, and just add the dividend checks to his monthly income. There are some paying 4% or more. He has lots of investment options for that $750k, but to make up for that 22 year rule, "most is cash" is not where it needs to be. As said, he is better off than 90% of Americans at his age. Congratulations to him.
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Re: how long will his money last?
[Re: Buzzsaw]
#7527936
06/05/19 08:14 PM
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Joined: Dec 2011
Posts: 5,831
Lazyjack
THF Trophy Hunter
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Posts: 5,831 |
he gets $4586 per month from VA and SS combined I gonna he will be ok. He could buy a boat and get a girlfriend named Sparkles.
If the 2nd amendment was written just to include guns for hunting, why is there not an amendment to protect fishing poles?
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Re: how long will his money last?
[Re: Buzzsaw]
#7528024
06/05/19 09:57 PM
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Joined: Nov 2009
Posts: 69,166
NORML as can be
^^Cut the Cord^^
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^^Cut the Cord^^
Joined: Nov 2009
Posts: 69,166 |
Does this Sparkles you speak of have a number?
(R-TX) .-- " TCNN CURL CRLB VFF VRNO AYR SNDL CGC TLRY MSOS "
_=====___=________==-
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Re: how long will his money last?
[Re: SnakeWrangler]
#7528030
06/05/19 10:01 PM
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Joined: Nov 2007
Posts: 9,101
Espy
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I would say he's better off retirement wise than 90% of Americans. I know people that will have to work way past retirement age.
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Re: how long will his money last?
[Re: 68rustbucket]
#7528036
06/05/19 10:19 PM
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Joined: Apr 2013
Posts: 8,433
freerange
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he gets $4586 per month from VA and SS combined If he can’t live on that, plus the interest on the $750,000, he might need to make some lifestyle changes. ^^^^Definitely. I guess its all relative to what your used to and what you expect and I can attest to the fact that the more you get the more you want. Toys just get bigger etc. But he is soooo much better off than most I would think he would be thankful and leave it at that.
Last edited by freerange; 06/05/19 10:21 PM.
At some point in life its time to quit chasing the pot of gold and just enjoy the rainbow. FR
Keep your gratitude higher than your expectations. RWH
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Re: how long will his money last?
[Re: Lazyjack]
#7528043
06/05/19 10:26 PM
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Joined: Aug 2008
Posts: 14,950
don k
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he gets $4586 per month from VA and SS combined I gonna he will be ok. He could buy a boat and get a girlfriend named Sparkles. I just bet "Sparkles" could help him deplete that nest egg.
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Re: how long will his money last?
[Re: Buzzsaw]
#7528064
06/05/19 10:54 PM
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Joined: Mar 2012
Posts: 5,682
snoopy
THF Trophy Hunter
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Joined: Mar 2012
Posts: 5,682 |
my brother in law just retired at 67. he has around $750,000 portfolio. most is cash. his health is fair to good. he had prostate cancer years ago, tributes it to agent orange. he gets a small VA benefit for shrapnel wound in his eye.
any way he and i were talking about if he could live comfortable, still hunting (Texas), vacationing and gun collecting in moderation. No safari's, Brown bear hunts etc.
What do ya'll think?
I told him in my experience investing sucks at his age. It takes FOREVER to make money but thanks to Trump and his Tariffs, you can lose $3,000 in three weeks. Make it back in 8 months, MAYBE. I'm 66, 15 days short of 67. Anyway, you guys shouldn't want to/have to consult social media for opinions on your choices....damn!
Last edited by snoopy; 06/05/19 10:55 PM.
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Re: how long will his money last?
[Re: Buzzsaw]
#7528073
06/05/19 11:01 PM
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Joined: Jan 2007
Posts: 15,480
reeltexan
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![[Linked Image]](https://i.postimg.cc/KjZZqFj8/point-with-bird.jpg) "Give me an Army of West Point graduates and I'll win a battle... Give me a handful of Texas Aggies and I'll win a war." - General Patton
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Re: how long will his money last?
[Re: RedRanger]
#7528083
06/05/19 11:10 PM
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Joined: Mar 2013
Posts: 5,038
jetdad
THF Trophy Hunter
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[quote=RedRanger]He has $750k cash assets, and gets another $4586 per month from SS/VA
How much is that in hookers and blow?
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Re: how long will his money last?
[Re: jetdad]
#7528098
06/05/19 11:26 PM
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Joined: Oct 2008
Posts: 16,738
68rustbucket
THF Celebrity
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Posts: 16,738 |
[quote=RedRanger]He has $750k cash assets, and gets another $4586 per month from SS/VA
How much is that in hookers and blow?
I’ll bet Charlie Sheen could answer that question.
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Re: how long will his money last?
[Re: snoopy]
#7528105
06/05/19 11:36 PM
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Joined: Oct 2005
Posts: 5,399
PKnTX
THF Trophy Hunter
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THF Trophy Hunter
Joined: Oct 2005
Posts: 5,399 |
my brother in law just retired at 67. he has around $750,000 portfolio. most is cash. his health is fair to good. he had prostate cancer years ago, tributes it to agent orange. he gets a small VA benefit for shrapnel wound in his eye.
any way he and i were talking about if he could live comfortable, still hunting (Texas), vacationing and gun collecting in moderation. No safari's, Brown bear hunts etc.
What do ya'll think?
I told him in my experience investing sucks at his age. It takes FOREVER to make money but thanks to Trump and his Tariffs, you can lose $3,000 in three weeks. Make it back in 8 months, MAYBE. I'm 66, 15 days short of 67. Anyway, you guys shouldn't want to/have to consult social media for opinions on your choices....damn! 90% of questions are actually statements in disquise.
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Re: how long will his money last?
[Re: snoopy]
#7528129
06/06/19 12:14 AM
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Joined: Jan 2010
Posts: 23,830
beaversnipe
THF Celebrity
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THF Celebrity
Joined: Jan 2010
Posts: 23,830 |
my brother in law just retired at 67. he has around $750,000 portfolio. most is cash. his health is fair to good. he had prostate cancer years ago, tributes it to agent orange. he gets a small VA benefit for shrapnel wound in his eye.
any way he and i were talking about if he could live comfortable, still hunting (Texas), vacationing and gun collecting in moderation. No safari's, Brown bear hunts etc.
What do ya'll think?
I told him in my experience investing sucks at his age. It takes FOREVER to make money but thanks to Trump and his Tariffs, you can lose $3,000 in three weeks. Make it back in 8 months, MAYBE. I'm 66, 15 days short of 67. Anyway, you guys shouldn't want to/have to consult social media for opinions on your choices....damn! wins the internet today
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Re: how long will his money last?
[Re: Buzzsaw]
#7528142
06/06/19 12:31 AM
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Joined: May 2012
Posts: 8,382
nsmike
THF Trophy Hunter
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THF Trophy Hunter
Joined: May 2012
Posts: 8,382 |
I actually sat down with an advisor yesterday doing some retirement planning. Let's just say that it was nice to be making decisions based on tax consequences rather than figuring out how to eat.
for every stereotype there's a prototype don't be the prototype
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Re: how long will his money last?
[Re: NORML as can be]
#7528144
06/06/19 12:33 AM
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Joined: Feb 2008
Posts: 14,141
glens
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Joined: Feb 2008
Posts: 14,141 |
Does this Sparkles you speak of have a number? You have $750,000 in the bank?? Sure you can find Her if you do. 
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Re: how long will his money last?
[Re: snoopy]
#7528147
06/06/19 12:35 AM
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Joined: Feb 2008
Posts: 14,141
glens
THF Celebrity
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THF Celebrity
Joined: Feb 2008
Posts: 14,141 |
my brother in law just retired at 67. he has around $750,000 portfolio. most is cash. his health is fair to good. he had prostate cancer years ago, tributes it to agent orange. he gets a small VA benefit for shrapnel wound in his eye.
any way he and i were talking about if he could live comfortable, still hunting (Texas), vacationing and gun collecting in moderation. No safari's, Brown bear hunts etc.
What do ya'll think?
I told him in my experience investing sucks at his age. It takes FOREVER to make money but thanks to Trump and his Tariffs, you can lose $3,000 in three weeks. Make it back in 8 months, MAYBE. I'm 66, 15 days short of 67. Anyway, you guys shouldn't want to/have to consult social media for opinions on your choices....damn! Heck, that ain't nuttin, I'm fixing to ask these wise guys about heart surgery.
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