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If you cannot live on $2mill invested living in a house worth...

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gmt

7,915 Posts.

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21/08/19

14:44

Post #: 40077787
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Originally posted by wotsup ↑

45-65 hmm, different needs you say, I wonder where you get that idea from?
Does or is something suppose to happen between those ages that I don't know about?
Ya better let me know as I only have 2 years up my sleeve lol.

So what your suggesting, is to effectively eat your asset and as for leaving something for your kids, bugger them, I expect your suggesting?

So once you have eaten your 2 mill from the bank, are you suggesting you then eat your house and go and live in a caravan?

Not to mention, what your money buys today as against what it will buy you tomorrow, is changing at a rapid speed these days.
Effectively, it's like rats chomping at your money.

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If you cannot live on $2mill invested living in a house worth $2mill between 65 and 85 there is something very wrong. Leaving money for the kids is where all the problems begin because you sacrifice a good standard of living to ensure the kids will be looked after!!
You don't get to have $2mill in the bank from being stupid!
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