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$2M Retirement.
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Topic: $2M Retirement. (Read 14087 times)
C.Cash
Hero Member
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Posts: 1889
$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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ssltech
Hero Member
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Posts: 4780
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
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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..
PookyNMR
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Posts: 1991
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.
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Nathan Rousu
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.
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el duderino
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Posts: 792
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.
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rollmottle
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Posts: 1246
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%...
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SENTRALL Sound East
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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
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Paul Cavins
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Posts: 649
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
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Taproot
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Posts: 713
Re: $2M Retirement.
«
Reply #8 on:
January 21, 2010, 09:09:09 AM »
Mutual funds, mutual funds and mutual funds.
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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
Roadster
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Posts: 403
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.
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Rich
Road's End Studio
Musician, Songwriter, Research Technician on Creative Muse
el duderino
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Posts: 792
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.
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PookyNMR
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Posts: 1991
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.
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Nathan Rousu
Roadster
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Posts: 403
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.
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Rich
Road's End Studio
Musician, Songwriter, Research Technician on Creative Muse
ssltech
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Posts: 4780
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!
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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..
KB_S1
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Posts: 931
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!
Money can't buy you happiness.
But poverty is even less likely too.
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