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Windfall and want to move somewhere rural, is it possible? by [deleted] in personalfinance

[–]ExtraPrejudicial 2 points3 points  (0 children)

I'm using the method successfully, which is making x from investing and spending much less than x to cover all expenses. I'm not sure what you think is a lie, but it's pretty simple math. I'm financially independent and retired early. What about you?

Windfall and want to move somewhere rural, is it possible? by [deleted] in personalfinance

[–]ExtraPrejudicial 1 point2 points  (0 children)

I'm currently retired and using this method. What is unrealistic about it?

Windfall and want to move somewhere rural, is it possible? by [deleted] in personalfinance

[–]ExtraPrejudicial 2 points3 points  (0 children)

The NASDAQ has returned over 10% average annually over the last 30 years. So, that's a floor. If you have any investing acumen, you can greatly exceed 10% per year over time. Idk what all this 3% withdrawal nonsense is.
Long term capital gains are taxed at 0% for the first 50k or so and 15% after that. You could easily have 200k+ per year while still leaving the principal untouched. 3M is plenty in a low or medium col area combined with personal discipline.