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Author Topic: $2M Retirement.  (Read 5180 times)

Offline C.Cash

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$2M Retirement.
« on: January 20, 2010, 02:38:56 pm »
Could you retire with $2M ?

How would you do it?

How could you stretch $2M for the next 35-40 years and live comfortable?

Would you retire, semi retire or continue to work?

Thanks.
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Offline ssltech

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Re: $2M Retirement.
« Reply #1 on: January 20, 2010, 04:36:55 pm »
Retirement...

-Whaaaaa.....?

What I do now feels so much like a hobby, I don't know if I could retire.

Keith
MDM (maxdimario) wrote on Fri, 16 November 2007 21:36

I have the feeling that I have more experience in my little finger than you do in your whole body about audio electronics..

Offline PookyNMR

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Re: $2M Retirement.
« Reply #2 on: January 20, 2010, 07:20:58 pm »
C.Cash wrote on Wed, 20 January 2010 12:38

Could you retire with $2M ?

How would you do it?

How could you stretch $2M for the next 35-40 years and live comfortable?

Would you retire, semi retire or continue to work?


I wouldn't retire.  Just take more vacations.  Longer vacations.  

And I'd only do work that I'd enjoy.  I'd also volunteer a lot more to help those who are less fortunate.

I'd be confident I could easily have that $2M last.  I have two family members in the finance investment business with an amazing track record on returns.
Nathan Rousu

Offline compasspnt

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Re: $2M Retirement.
« Reply #3 on: January 20, 2010, 09:22:03 pm »
$2M today is not near as much as it used to be.

Offline el duderino

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Re: $2M Retirement.
« Reply #4 on: January 20, 2010, 11:10:17 pm »
if you could find a bank that would give you a 5% interest rate, you'd be earning 100k a year just in interest.


Offline rollmottle

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Re: $2M Retirement.
« Reply #5 on: January 20, 2010, 11:22:44 pm »
el duderino wrote on Wed, 20 January 2010 20:10

if you could find a bank that would give you a 5% interest rate, you'd be earning 100k a year just in interest.




Good luck with that these days.

I got an ING offer the other day trying to lure me with a WHOPPING 1.25%...
SENTRALL Sound East
My SoundCloud | Twitter | www.sentrall.com

Offline Barry Hufker

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Re: $2M Retirement.
« Reply #6 on: January 20, 2010, 11:46:49 pm »
There is a very good rate right now with tax-free bonds, which when compared to savings CDs comes out to an interest rate of 7%.

But 2 mill no longer makes you a millionaire.  I figure you need at least 10 mill to make you that.

Barry

Offline Paul Cavins

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Re: $2M Retirement.
« Reply #7 on: January 21, 2010, 12:27:40 am »
Tell you what-

Give me $2M and I'll let you know how it turns out-


PC

Offline Taproot

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Re: $2M Retirement.
« Reply #8 on: January 21, 2010, 09:09:09 am »
Mutual funds, mutual funds and mutual funds.  Smile
Jeffrey Reed
Taproot Audio Design
Oxford, Mississippi
www.taprootaudiodesign.com
www.myspace.com/taprootaudio

"That boy's so dumb, he thinks the Mexican border pays rent!" -Foghorn Leghorn

Offline Roadster

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Re: $2M Retirement.
« Reply #9 on: January 21, 2010, 10:40:50 am »
If we had some ham we could have some ham and eggs....
if we had some eggs.
Rich
Road's End Studio
Musician, Songwriter, Research Technician on Creative Muse

Offline el duderino

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Re: $2M Retirement.
« Reply #10 on: January 21, 2010, 10:45:06 am »
rollmottle wrote on Wed, 20 January 2010 23:22

el duderino wrote on Wed, 20 January 2010 20:10

if you could find a bank that would give you a 5% interest rate, you'd be earning 100k a year just in interest.




Good luck with that these days.

I got an ING offer the other day trying to lure me with a WHOPPING 1.25%...



true, however banks will up your rate when you put in large sums of money. i get the same ING offers. im guessing that you, like me, do not have 2 mil to stick in their bank. when you walk into a bank and inquire about what they can do for you with that much money, you don't get the same thing everyone else gets.

Offline PookyNMR

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Re: $2M Retirement.
« Reply #11 on: January 21, 2010, 11:37:48 am »
el duderino wrote on Wed, 20 January 2010 21:10

if you could find a bank that would give you a 5% interest rate, you'd be earning 100k a year just in interest.


Or you could find a portfolio manager with an excellent track record.  In a reasonable economy 5% is no problem.
Nathan Rousu

Offline Roadster

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Re: $2M Retirement.
« Reply #12 on: January 21, 2010, 01:20:46 pm »
There is no such thing as a money "manager".

You would do as well getting a book from the library.
Rich
Road's End Studio
Musician, Songwriter, Research Technician on Creative Muse

Offline ssltech

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Re: $2M Retirement.
« Reply #13 on: January 21, 2010, 01:22:45 pm »
To everyone who insists that no amount of money -however enormous- can make you happy, I beg the following:

...just give me a chance to prove myself wrong!

Laughing
MDM (maxdimario) wrote on Fri, 16 November 2007 21:36

I have the feeling that I have more experience in my little finger than you do in your whole body about audio electronics..

Offline KB_S1

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Re: $2M Retirement.
« Reply #14 on: January 21, 2010, 02:20:16 pm »
ssltech wrote on Thu, 21 January 2010 18:22

To everyone who insists that no amount of money -however enormous- can make you happy, I beg the following:

...just give me a chance to prove myself wrong!

Laughing


Money can't buy you happiness.
But poverty is even less likely too.
<a href="http://www.parklanerecordingstudios.com/" class="link3">Park Lane Studio</a> Where to find me most of the time<br /><br />

<a href="http://www.flickr.com/photos/kb_s1/" class="link3">Flickr</a>where to see what I have been up to  <br /><br />