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We often here of retrirement goals of 1mil, 2mil, 5,even 10, but what about less than $500,00 for those who live below their means and don't need much?That is $12,500-$25,000 personal expenses per year.Anyone with lower goals 0f $250 - 500g? It certainly seems more attainble woth the possibility of attaining more.What if you didn't care about larger returns in the stock market and treated this amount as cash reserves in safer but lower returns like cd's at say a low average of 5% interest and you planned on withdrawing 2 1/2,3, 4 or even 5% each year?
Is this safer or am I missing something? How would inflation affect this pictureWhat about increasing health costs and other costs?.What about the the time factor and years of living?Would you be better off still investing in stocks with higher risks?Just trying to raise some questions and get a thread started on those trying to retire or at least break free on a whole lot less with the possibility of doing so a whole lot sooner.
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