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The OP was married, so you may wish to reconsider the numbers in your argument.

You are correct, I should have taken the married tax rates into account. But who knows how long these lower tax rates will remain in effect anyway?

In addition, it does not sound like you have followed the link to the the intercst's actual REHP, where there is also alot of good stuff (and no discussion boards, IIRC).

You're correct, I hadn't, but I now have bookmarked the first page of the board where that link appears, for future reference.

I do not know your age, and you seem to have me confused with some 34-year old youngster, so I am not sure whether that statement is accurate.

In my last post I apologized for confusing you with another poster, are you looking for something further, like an invitation to my daughter's wedding? ;-)

You also make no mention of pensions, social security or other potential sources of income for those aged 60+ that you reference.

The only other source of income of those I referenced is Social Security. The OP didn't say he had any other sources of income either.

Truly safe would be to never retire. Is that really the position you want to argue?

The position I was arguing to start with was that $2M might not be enough to retire on at the age of 45. Then OP responded that he could retire on $2M at 34, which I disagreed with, and gave some reasons why. My position was NOT that to be truly safe one should never retire.

Here's an article that supports my position:

Actually, says Katz, "Retiring at 50 years old with $2 million is very risky, unless your expenses are very low, and you are really penurious."

Katz is overstating the case a bit. Retiring at 50 with $2 million set aside isn't very risky; it just might not be as smart, or as liberating, as it seems.

"If you retire at 50 with $2 million, that means you're not working for the last 15 years before Social Security starts paying," says Katz. Social Security benefits are calculated based on your 35 most productive years, income-wise. That can lead to several years of "0" included in the calculations for your benefits...

Then there's medical insurance. Most people get their insurance through work. If you're through working at 50 or 55 (before Medicare eligibility), you have to buy insurance on your own, for yourself, your spouse and perhaps for children who haven't yet headed off to college. And if you think medical insurance is expensive when you're 40, check out the prices when you're 60. "It's a huge cost," says Katz.


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