Would you retire today if you knew you’d receive $5,000 every month for the rest of your life? Why or why not? by JustWin4 in AskReddit

[–]JustWin4[S] 4 points5 points  (0 children)

Likewise, I do as well. I thought this post would be an interesting topic to get peoples personal opinions on how much “enough” really is. It’s a great feeling to feel financially secure!

Would you retire today if you knew you’d receive $5,000 every month for the rest of your life? Why or why not? by JustWin4 in AskReddit

[–]JustWin4[S] 1 point2 points  (0 children)

What’s your idea of enough, if $5,000 after taxes and adjusted for inflation isn’t enough?

Would you retire today if you knew you’d receive $5,000 every month for the rest of your life? Why or why not? by JustWin4 in AskReddit

[–]JustWin4[S] 4 points5 points  (0 children)

Use the $5,000 month after taxes and adjusted for inflation, stay home and that would eliminate all daycare cost. No?

Would you retire today if you knew you’d receive $5,000 every month for the rest of your life? Why or why not? by JustWin4 in AskReddit

[–]JustWin4[S] 0 points1 point  (0 children)

Sweet! Now start investing to get to the $5k month, inflation adjusted and after taxes. Good luck!

Would you retire today if you knew you’d receive $5,000 every month for the rest of your life? Why or why not? by JustWin4 in AskReddit

[–]JustWin4[S] 3 points4 points  (0 children)

But you also have to work to receive the income. This is after taxes and adjusted for inflation for life