No. of Recommendations: 1
I going to have to ask RPI to recall your engineering degree. A 4% withdrawal from a $100 million portfolio is $4 million/year not $400,000. <grin>



Yeah.....been out in the texas sun this weekend...or maybe that was after tax? or brain fade after catching up on 150 posts on a empty stomach.....? 4 million a year income and still working...must be 'fun' work.

I quit working when someone asked me if I'd go to 'work' for free.....and it dawned upon me I didn't 'need' the money.....

I'd have a hard enough time spending $400,000/year no less 4 million.....all the 'stuff' you have to keep track of, or all the people you gotta hire to keep track of it..... well, I suppose if you got a high-maintenance spouse, that could solve the problem.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.