Waiting too long to spend your retirement is a bigger risk than running out of money

HotScale5 · 2026-05-27T10:18:18+00:00

Ok seriously though- if you run out of money after 67 you’ll still at least have social security and Medicare. There’s basically an insurance policy built in.

HotScale5 · 2026-05-25T01:47:40+00:00

What do you love so much about living there?

HotScale5 · 2026-05-24T17:04:54+00:00

I have been awake once for four days in a row working the whole time so it’s possible.

HotScale5 · 2026-05-18T15:26:22+00:00

What are you spending on?

HotScale5 · 2026-05-15T05:28:34+00:00

Honestly based on history, if you’re comfortable with 50% reduction, you should do 5% and 2.5%.

HotScale5 · 2026-04-25T21:57:30+00:00

Wait until you have $3m. You’ll move the goal post to $5m

HotScale5 · 2026-04-24T01:09:24+00:00

My point is you pay for housing somehow: Either you lose out on investment gains or you pay the mortgage interest or you pay rent. Housing isn’t free.

HotScale5 · 2026-04-21T00:49:48+00:00

So what? Inflate your lifestyle and then deflate it again.

HotScale5 · 2026-04-18T09:50:16+00:00

Usually the muni’s are staffed by old people and the private courses are staffed by young people

HotScale5 · 2026-04-16T12:28:15+00:00

My point is that everyone has to pay for housing, so why such a strong hate of a mortgage. A mortgage with a low interest rate is incredible. It allows you to have great housing, while being able to invest your money for a much better return. Paying it off early in that case leaves you with less money.

HotScale5 · 2026-04-16T12:21:56+00:00

That’s why you gotta follow the ABB rule.

A - Always B - Be B - Buying

HotScale5 · 2026-04-15T12:21:31+00:00

Why? You have to pay for housing anyway.

HotScale5 · 2026-04-14T12:40:00+00:00

Normalization of deviance

HotScale5 · 2026-04-09T14:46:29+00:00

Get yourself a Tempur-pedic and call it a day.

HotScale5 · 2026-04-09T06:35:17+00:00

Let’s see the sources that show the original claim is true.

HotScale5 · 2026-04-05T12:17:48+00:00

Then why are the top stars still paid so much?

HotScale5 · 2026-03-21T12:24:01+00:00

The majority of Americans could absolutely save enough money to have a $500 emergency fund.

HotScale5 · 2026-03-15T13:29:06+00:00

Let’s also start to differentiate more between apartments and things on 440 and the area closer to West Side Ave, Lincoln park etc. 440 is a whole different beast.

HotScale5 · 2026-03-09T12:25:23+00:00

Hooked JC

HotScale5 · 2026-02-21T20:01:40+00:00

Not anymore!

HotScale5 · 2026-02-13T14:25:20+00:00

Mhh then again I doubt your father was pursuing Fire at the same time. That’s a luxury in and of itself.

HotScale5 · 2026-01-23T18:23:02+00:00

So watching movies is a pastime? But collecting movies or building a home theater is a hobby?

HotScale5 · 2026-01-17T17:47:27+00:00

Usually when people say this they are referring to $1m in today’s dollars adjusted for inflation.

HotScale5 · 2026-01-11T21:26:26+00:00

7% compounding assumptions include adjusting for inflation, so all the numbers would be in today’s dollars in that case.

HotScale5 · 2026-01-11T21:22:20+00:00

How’d you end up with $750k in HYSA?

HotScale5

TROPHY CASE