How much money do you make? (1 Viewer)

What is your income?

  • 0 (Unemployed)

    Votes: 6 4.6%
  • 0 (Retired)

    Votes: 14 10.8%
  • $1 - $50k

    Votes: 8 6.2%
  • $50k - $100k

    Votes: 31 23.8%
  • $100k - $150k

    Votes: 24 18.5%
  • $150k - $200k

    Votes: 13 10.0%
  • $200k - $300k

    Votes: 16 12.3%
  • $300k - $400k

    Votes: 6 4.6%
  • $400k - $500k

    Votes: 5 3.8%
  • >$500k

    Votes: 7 5.4%

  • Total voters
    130
Bless your heart
Did you just insult me in Georgia??!

Idris Elba Table Flip GIF
 
How can you be retired without income?
There is some ground breaking research that has just came out.


People that live longer tend to accumulate more stuff. They can’t keep everything, so they tend to keep the valuable things.
Thats it. Hard work and saving, timing housing markets, car markets, none of that matters.

It took a poker chip site member to put the dots together in that one.

Shit, have to make an edit

I forgot they also defined the poverty line as being able to afford Paulsons or not.
 
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I think "retired" being on the bottom of the range skews the results, unless a lot of our elders retired atop their chip hoards in poverty, which seems unlikely (but now that I think of it, would make a great movie).
 
How can you be retired without income?

It’s unlikely, but in theory if you retired with $3 million held in a non-interest cash account, you could live on $100K per year for 30 years without any income.

NOTE: I am not a licensed financial advisor or planner and your results may vary 😜
 
It’s unlikely, but in theory if you retired with $3 million held in a non-interest cash account, you could live on $100K per year for 30 years without any income.
Even in that case, you'd have to avoid drawing Social Security in order for the government to agree that you have no income.

I've just celebrated the fifteenth anniversary of my retirement, and it's a bit surprising what the IRS classifies as income... :cool
 

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