posted in Asklemmy
If you suddenly had 5 million dollars today, what would you do with it?
Replying to @KingGordon@lemmy.world
Use the “4% Rule”, this would be an inflation adjusted $200K per year every year (more or less, the “4% Rule” is more of a great observation than a rule).
I would live on a third, give a third to my family, and a third to local organizations.
Replying to @MNByChoice@midwest.social
The 4% rule is kind of crappy and even it’s creator has modified it.
Replying to @echo@lemmy.today
What do you mean? It is great for planning purposes.
I am well versed in it, but “crappy” arguments split both in “too low” and “too high”.