Weary_Ad7119 t1_j9xt2vo wrote on February 25, 2023 at 9:40 AM

Reply to comment by hedgehogging_the_bed in Bucks County Has Two Millionaires for Every One Homeless School Child by Open_Veins_8

Shitty article. If you actually read that 3m number isn't based on anything but a shitty pole from wealth managers with zero context for the person.

The math isn't hard and of you don't believe you can live off of 100k a year + ss then you might have a life style issue and are spending too much.

AskMoreQuestionsOk t1_j9yu9nw wrote on February 25, 2023 at 4:00 PM

True. But 3m allows you to maintain a lifestyle at a certain level indefinitely as well as buy other financial products so you can pass your wealth to your children via life insurance or pay for long term care. It’s also the level at which you can start to do rich people money shenanigans.