A Reddit user, who has amassed nearly $2 million in retirement savings, shared his feelings about wealth on the platform. He expects an annual income of about $80,000 from his investments, which when combined with his pension and Social Security, totals around $90,000 for annual living expenses. He highlights that despite having a substantial nest egg, this amount limits his ability to live luxuriously, raising questions about the true meaning of being wealthy and prompting discussions about financial planning in retirement.
The Reddit user with a $2 million net worth doesn't feel wealthy as his investments yield only $80K annually, limiting his spending options.
Despite having $2 million, the Redditor expresses that reality contrasts with the perception of wealth, specifically due to stringent withdrawal rates.
Collection
[
|
...
]