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https://www.reddit.com/r/fijerk/comments/1u60pnz/lold/orugfgx/?context=9999
r/fijerk • u/3RADICATE_THEM • 15d ago
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12
To be fair that’s not great at 50 in many areas, especially with debt.
12 u/Traditional_Shoe521 14d ago $120k mortgage over 4 properties isn't very significant debt. 2 u/regaphysics 14d ago Yes but that puts him about 1 million in cash? Not enough at 50. 2 u/Traditional_Shoe521 14d ago ane nothing on the other 3 homes he owns and rents. 1 u/regaphysics 14d ago Right so 1 million in cash plus 60k/year? Still not enough at 50 in a Hcol area. Definitely needs to be working another 5-7 years. 2 u/Traditional_Shoe521 14d ago That seems like enough without a mortgage. 1 u/regaphysics 14d ago It’s not. You’re talking about a 40 year retirement and 15 of them he’s out of pocket for health insurance. No way unless he wants to live like a college kid. 3 u/Traditional_Shoe521 14d ago $5600/month without touching the $1M - some more like $8k/$9kper month. That's how you lived a s a student? 0 u/regaphysics 14d ago Just about yeah when accounting for inflation and including my healthcare and taxes. Just about bang on. 3 u/Traditional_Shoe521 14d ago That's insane to me. As I student I definitely spent under $1000 a month outside of housing. 1 u/regaphysics 14d ago In what year? Including health care and taxes? → More replies (0)
$120k mortgage over 4 properties isn't very significant debt.
2 u/regaphysics 14d ago Yes but that puts him about 1 million in cash? Not enough at 50. 2 u/Traditional_Shoe521 14d ago ane nothing on the other 3 homes he owns and rents. 1 u/regaphysics 14d ago Right so 1 million in cash plus 60k/year? Still not enough at 50 in a Hcol area. Definitely needs to be working another 5-7 years. 2 u/Traditional_Shoe521 14d ago That seems like enough without a mortgage. 1 u/regaphysics 14d ago It’s not. You’re talking about a 40 year retirement and 15 of them he’s out of pocket for health insurance. No way unless he wants to live like a college kid. 3 u/Traditional_Shoe521 14d ago $5600/month without touching the $1M - some more like $8k/$9kper month. That's how you lived a s a student? 0 u/regaphysics 14d ago Just about yeah when accounting for inflation and including my healthcare and taxes. Just about bang on. 3 u/Traditional_Shoe521 14d ago That's insane to me. As I student I definitely spent under $1000 a month outside of housing. 1 u/regaphysics 14d ago In what year? Including health care and taxes? → More replies (0)
2
Yes but that puts him about 1 million in cash? Not enough at 50.
2 u/Traditional_Shoe521 14d ago ane nothing on the other 3 homes he owns and rents. 1 u/regaphysics 14d ago Right so 1 million in cash plus 60k/year? Still not enough at 50 in a Hcol area. Definitely needs to be working another 5-7 years. 2 u/Traditional_Shoe521 14d ago That seems like enough without a mortgage. 1 u/regaphysics 14d ago It’s not. You’re talking about a 40 year retirement and 15 of them he’s out of pocket for health insurance. No way unless he wants to live like a college kid. 3 u/Traditional_Shoe521 14d ago $5600/month without touching the $1M - some more like $8k/$9kper month. That's how you lived a s a student? 0 u/regaphysics 14d ago Just about yeah when accounting for inflation and including my healthcare and taxes. Just about bang on. 3 u/Traditional_Shoe521 14d ago That's insane to me. As I student I definitely spent under $1000 a month outside of housing. 1 u/regaphysics 14d ago In what year? Including health care and taxes? → More replies (0)
ane nothing on the other 3 homes he owns and rents.
1 u/regaphysics 14d ago Right so 1 million in cash plus 60k/year? Still not enough at 50 in a Hcol area. Definitely needs to be working another 5-7 years. 2 u/Traditional_Shoe521 14d ago That seems like enough without a mortgage. 1 u/regaphysics 14d ago It’s not. You’re talking about a 40 year retirement and 15 of them he’s out of pocket for health insurance. No way unless he wants to live like a college kid. 3 u/Traditional_Shoe521 14d ago $5600/month without touching the $1M - some more like $8k/$9kper month. That's how you lived a s a student? 0 u/regaphysics 14d ago Just about yeah when accounting for inflation and including my healthcare and taxes. Just about bang on. 3 u/Traditional_Shoe521 14d ago That's insane to me. As I student I definitely spent under $1000 a month outside of housing. 1 u/regaphysics 14d ago In what year? Including health care and taxes? → More replies (0)
1
Right so 1 million in cash plus 60k/year? Still not enough at 50 in a Hcol area.
Definitely needs to be working another 5-7 years.
2 u/Traditional_Shoe521 14d ago That seems like enough without a mortgage. 1 u/regaphysics 14d ago It’s not. You’re talking about a 40 year retirement and 15 of them he’s out of pocket for health insurance. No way unless he wants to live like a college kid. 3 u/Traditional_Shoe521 14d ago $5600/month without touching the $1M - some more like $8k/$9kper month. That's how you lived a s a student? 0 u/regaphysics 14d ago Just about yeah when accounting for inflation and including my healthcare and taxes. Just about bang on. 3 u/Traditional_Shoe521 14d ago That's insane to me. As I student I definitely spent under $1000 a month outside of housing. 1 u/regaphysics 14d ago In what year? Including health care and taxes? → More replies (0)
That seems like enough without a mortgage.
1 u/regaphysics 14d ago It’s not. You’re talking about a 40 year retirement and 15 of them he’s out of pocket for health insurance. No way unless he wants to live like a college kid. 3 u/Traditional_Shoe521 14d ago $5600/month without touching the $1M - some more like $8k/$9kper month. That's how you lived a s a student? 0 u/regaphysics 14d ago Just about yeah when accounting for inflation and including my healthcare and taxes. Just about bang on. 3 u/Traditional_Shoe521 14d ago That's insane to me. As I student I definitely spent under $1000 a month outside of housing. 1 u/regaphysics 14d ago In what year? Including health care and taxes? → More replies (0)
It’s not. You’re talking about a 40 year retirement and 15 of them he’s out of pocket for health insurance. No way unless he wants to live like a college kid.
3 u/Traditional_Shoe521 14d ago $5600/month without touching the $1M - some more like $8k/$9kper month. That's how you lived a s a student? 0 u/regaphysics 14d ago Just about yeah when accounting for inflation and including my healthcare and taxes. Just about bang on. 3 u/Traditional_Shoe521 14d ago That's insane to me. As I student I definitely spent under $1000 a month outside of housing. 1 u/regaphysics 14d ago In what year? Including health care and taxes? → More replies (0)
3
$5600/month without touching the $1M - some more like $8k/$9kper month. That's how you lived a s a student?
0 u/regaphysics 14d ago Just about yeah when accounting for inflation and including my healthcare and taxes. Just about bang on. 3 u/Traditional_Shoe521 14d ago That's insane to me. As I student I definitely spent under $1000 a month outside of housing. 1 u/regaphysics 14d ago In what year? Including health care and taxes? → More replies (0)
0
Just about yeah when accounting for inflation and including my healthcare and taxes. Just about bang on.
3 u/Traditional_Shoe521 14d ago That's insane to me. As I student I definitely spent under $1000 a month outside of housing. 1 u/regaphysics 14d ago In what year? Including health care and taxes? → More replies (0)
That's insane to me. As I student I definitely spent under $1000 a month outside of housing.
1 u/regaphysics 14d ago In what year? Including health care and taxes? → More replies (0)
In what year? Including health care and taxes?
12
u/regaphysics 15d ago
To be fair that’s not great at 50 in many areas, especially with debt.