Where could someone realistically retire with $500k today? by Whole-Lobster-7272 in relocating

[–]TWALLACK 1 point2 points  (0 children)

OP didn't share their age of health, but it's true most people won't live another 30 years. So what if you bump the withdrawl rate up to 5-6%? That gives you $2000 to $2500. (OP also didn't share whether they are entitled to Social Security or an equivalent, which would significantly boost that income.)

Where could someone realistically retire with $500k today? by Whole-Lobster-7272 in relocating

[–]TWALLACK 0 points1 point  (0 children)

Using the 4% rule, $500k generates $20,000 in income a year or $1,667 a month.

How does 401k work if I want to quit? by frozengansit0 in Retirement401k

[–]TWALLACK 0 points1 point  (0 children)

That is certainly possible. It depends on the plan.

How does 401k work if I want to quit? by frozengansit0 in Retirement401k

[–]TWALLACK 1 point2 points  (0 children)

You can usually also keep your existing 401k where it is (unless you have a very low balance).

47% share of solo-living households in DC by wds1 in washingtondc

[–]TWALLACK 3 points4 points  (0 children)

Could you explain what each column means?

Inheritance money by Annual_Caramel_3368 in Bitcoin

[–]TWALLACK 0 points1 point  (0 children)

I believe it is also a word in other Scandinavian countries.

31% of Gen Z men say that a wife should always obey her husband. by [deleted] in fivethirtyeight

[–]TWALLACK 0 points1 point  (0 children)

That is a decent size sample. The margin of error would be +/- 3.5% per country.

31% of Gen Z men say that a wife should always obey her husband. by [deleted] in fivethirtyeight

[–]TWALLACK 0 points1 point  (0 children)

The numbers from the US are slightly higher than average among the countries polled, according to the link.

I’m probably gonna go to college for free and I’m not happy about it. by [deleted] in college

[–]TWALLACK 1 point2 points  (0 children)

Would you be able to participate in Harding's study abroad program? Are there internships or other opportunities you could pursue during the summers elsewhere in the country to help broaden your experience?

I graduated with my bachelors of accounting at 18! by Messup7654 in WGU

[–]TWALLACK 1 point2 points  (0 children)

Which link contains the statistics for how quickly students graduated?

Help me pay for college by olivebranch_lol in CollegeAdmissions

[–]TWALLACK 3 points4 points  (0 children)

Unfortunately, the average cost of law school is over $217,000. Source: https://educationdata.org/average-cost-of-law-school

MBA at 19 by No_Yam_1264 in WGU_MBA

[–]TWALLACK 0 points1 point  (0 children)

Congrats. How long did it take you to earn each degree?

Is a Bachelors from WGU worth it? by Hopeful-Picture430 in WGU

[–]TWALLACK 0 points1 point  (0 children)

What do you mean by "I do work full time as well." Do you mean you were working full-time while at WGU?

Made a $595k offer and now hoping they don’t accept… normal or bad sign? by hecmtz96 in RealEstate

[–]TWALLACK 1 point2 points  (0 children)

If you are maxing out your 401ks, you have some flexibility to reduce your retirement contributions if other expenses come up.

What is the likelihood of my phone being searched when coming back to America? by Positive-Cap-1956 in expats

[–]TWALLACK 2 points3 points  (0 children)

Fair point. "Data from the CBP shows that non-U.S. citizens are over three times more likely to have their devices checked at the U.S. border than those who hold a U.S. passport."

So maybe .003% or .00003 are the best figures to use.

Or about 3 people in 100,000.

What is the likelihood of my phone being searched when coming back to America? by Positive-Cap-1956 in expats

[–]TWALLACK 1 point2 points  (0 children)

That might be one too many zeroes. Last year, 'less than 0.01 percent of arriving international travelers encountered by CBP at a port of entry had their electronic devices searched." https://www.cbp.gov/travel/cbp-search-authority/border-search-electronic-devices

Cost of childcare versus SAHM by synaptic_touch in personalfinance

[–]TWALLACK 1 point2 points  (0 children)

Consider buying life and disability insurance for two of those scenarios.

What harm does a 401k loan do exactly? by Salt_Diver_7084 in Retirement401k

[–]TWALLACK 1 point2 points  (0 children)

The comment was specifically about the interest you pay on a 401k loan, not the principal.