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Home » HD Forums » Forums » Open Topic Forum » How much would it take
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ZiggyMale Offline
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Post Icon Posted: Mar. 27 2007,2:41 pm Post # 1 see this member send this member a private message  quote this post in reply
For you to hang up the cleats and retire comfortably living a non-baller life?
$1 mil
$2 mil
$4 mil
$5 mil
or ???

Ain't life Grand? Treat it that way.
The Love of my Life, Jan.
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Post Icon Posted: Mar. 27 2007,3:29 pm Post # 2 see this member send this member a private message  quote this post in reply
I don't really mind working, I just don't like what I do... :D A million would buy a decent house and pay all the bills, so everything I make would be gravy... I could go do something I like.

10 Million to retire and do nothing... at least... :D

A dog doesn't care if you're rich or poor, educated or illiterate, clever or dull. Give him your heart and he will give you his.
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Post Icon Posted: Mar. 27 2007,3:56 pm Post # 3 see this member send this member a private message  quote this post in reply
4 Million, buy a modest house and give the rest to my CFP, make sure that he understands that working is not an option... :D :D

RIVER! If you have to ask you wont understand...
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Post Icon Posted: Mar. 27 2007,4:48 pm Post # 4 see this member send this member a private message  quote this post in reply
I would think a Million(tax free) would keep me right about where I am now, with a little more travel involved. At 5 million it would be hard to find me, I would be in an RV all over the place :beer

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ZiggyMale Offline
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Post Icon Posted: Mar. 27 2007,4:50 pm Post # 5 see this member send this member a private message  quote this post in reply
Quote (Sleek-Jet @ Mar. 27 2007,2:29 pm)
I don't really mind working, I just don't like what I do... :D A million would buy a decent house and pay all the bills, so everything I make would be gravy... I could go do something I like.

10 Million to retire and do nothing... at least... :D

So your job would be more of a hobby then?

Ain't life Grand? Treat it that way.
The Love of my Life, Jan.
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ZiggyMale Offline
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Post Icon Posted: Mar. 27 2007,4:54 pm Post # 6 see this member send this member a private message  quote this post in reply
Quote (AZKC @ Mar. 27 2007,3:48 pm)
I would think a Million(tax free) would keep me right about where I am now, with a little more travel involved. At 5 million it would be hard to find me, I would be in an RV all over the place :beer

a Million in a 5% yield acct would make you ~50g's annually. Not bad if there are not other revolving monthly bills to handle aside from basic needs.
If frugile you can buy a new car every couple years.
.
I think it very possible to make your money work for you but you need a strong balance to start with to make it work.

Ain't life Grand? Treat it that way.
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Post Icon Posted: Mar. 27 2007,5:03 pm Post # 7 see this member send this member a private message  quote this post in reply
Quote (Ziggy @ Mar. 27 2007,4:50 pm)
Quote (Sleek-Jet @ Mar. 27 2007,2:29 pm)
I don't really mind working, I just don't like what I do... :D A million would buy a decent house and pay all the bills, so everything I make would be gravy... I could go do something I like.

10 Million to retire and do nothing... at least... :D

So your job would be more of a hobby then?

eggs zacary...

A dog doesn't care if you're rich or poor, educated or illiterate, clever or dull. Give him your heart and he will give you his.
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AZKCMale Offline
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Post Icon Posted: Mar. 27 2007,5:08 pm Post # 8 see this member send this member a private message  quote this post in reply
Quote (Ziggy @ Mar. 27 2007,3:54 pm)
Quote (AZKC @ Mar. 27 2007,3:48 pm)
I would think a Million(tax free) would keep me right about where I am now, with a little more travel involved. At 5 million it would be hard to find me, I would be in an RV all over the place :beer

a Million in a 5% yield acct would make you ~50g's annually. Not bad if there are not other revolving monthly bills to handle aside from basic needs.
If frugile you can buy a new car every couple years.
.
I think it very possible to make your money work for you but you need a strong balance to start with to make it work.

Since I semi-retired coming to work here at the County. We have been living to say the least a frugile life style anyway ;)

Hell 50k(take home) a year I'd feel like a Baller :D

God is Great, Beer is Good, and People are Crazy......

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Post Icon Posted: Mar. 27 2007,5:12 pm Post # 9 see this member send this member a private message  quote this post in reply
I had to go back and re-read the question. I guess it would only be about $2M, because that is what I'm working towards (or the equivilent of) for my retirement.

Having said that, when the mega million lotto was up around $350M my mind went off. Dreamin' of how I would spend/invest it. Cars, boats, planes and escorts. How the kids would be set. All of my siblings too. Attorneys to keep the ex wife off of my jock. You know all of the usual stuff.  :laugh

:pirate My kingdom may be small, but I'm still the King!  :pirate
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GoFastRacerMale Offline
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Post Icon Posted: Mar. 28 2007,7:00 am Post # 10 see this member send this member a private message  quote this post in reply
A couple of Mil tax free would be just fine!.. :good
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shuemanMale Offline
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Post Icon Posted: Mar. 28 2007,7:21 am Post # 11 see this member send this member a private message  quote this post in reply
Quote (GoFastRacer @ Mar. 28 2007,7:00 am)
A couple of Mil tax free would be just fine!.. :good

That would do nicely... :cool  :good
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SleeksBvrFemale Offline
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Post Icon Posted: Mar. 28 2007,7:26 am Post # 12 see this member send this member a private message  quote this post in reply
5 million tax free. I'm young...I'd be bored if I were home all the time. And I like to work. But the money would let me work my dream "hobby", pay the bills, travel when I want, help my mom out more financially, and keep Sleek busy :D
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BigDogMale Offline
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Post Icon Posted: Mar. 28 2007,7:30 am Post # 13 see this member send this member a private message  quote this post in reply
4mil tax free would do it.  Take 1mil and pay everthing off and maybe a new vehicle or 2.  Get a couple of toys and a place to store them. Then kick back with the last 3mil.  :D
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My Man's Sportin' WoodFemale Offline
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Post Icon Posted: Mar. 28 2007,7:50 am Post # 14 see this member send this member a private message  quote this post in reply
Probably 4-5 million.  I once figured about 3 million to retire @55 and I'm quite a few years away from that.  Plus, I like to travel.
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Post Icon Posted: Mar. 28 2007,7:59 am Post # 15 see this member send this member a private message  quote this post in reply
1 mil would pay off everything, but 2 mil I could sit around the house, 3 mil., I would be traveling around here and there, 4 mil.+, I would disappear......

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