Dabs
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The Concierge of Crypto
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The 4% "safe withdrawal" rate comes from a "passive investment" in a broad based index or mutual fund of approximately 60% stocks and equities, and 40% bonds. Putting your money in the S&P 500 or a Total Stock Market fund would achieve similar results.
The study also uses 30 years as a retirement number, how long you can stay retired.
There are several calculators out there, but you can try for example firecalc.com
If you input $1m and $40k as annual withdrawal for 30 years, you get a 95% success rate. Out of 120 possible 30 year cycle periods, 6 failed.
one issue: life extension drugs that may appear. now your 30 year retirement is 60 years. give or take. plan accordingly. edit: and i can feel those Pfizer 5G nanobots feeding me lifeforce as i type, especially now that ive had the 2nd injection. 5 bars of 5G signal on my phone now and no 5G towers in 100 miles of here. sweet bonus, that! i have become.. become.. well.. something. If today you can retire and survive for 30 years and you live long enough to see another 60 years, and if today you hold enough bitcoin to be able to say you can retire for 30 years, I think by the time your life extension drugs start working, in 30 years, whatever bitcoin you have left should let you live another 30 or more years. Hopefully, that's the case. Always put in a buffer. Sometimes that 30 year number is a proxy for "forever" ... but maybe a more realistic thing to do is plan for 30 years, then adjust as life goes along, and you can probably extend that to 60 or 100. Most people don't really plan on spending their last dime on their last day of living. (The plan could go wrong, but that's another issue.) The number also implies 25x your annual expenses saved up, then invested. If you can save up more and invest more, then you should be able to live on both the growth or divs or interest forever, or as long as these institutions exist. The truly safe withdrawal rate these days has gotten lower to around 3.5%, so you need at least 28x your annual expenses saved up. If you have some sort of pension or benefit or security from the government, (Social Security or similar), you can subtract that from what you need as you will be covered.
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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shahzadafzal
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Activity: 1526
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Besides, you should be aiming to increase your overall wealth by minimum 10% each year. Then you only need to worry about choosing “his and her” matching colour Lambos... or his/his (Bob)
well, three really: yours, your wifes, and your wifes boyfriend* *all genders to be adjusted to taste of course. And remember this!!! If your partner confesses that they cheated on you, I know the temptation is to ask, “with who?“ But that's inappropriate. Avoid it. Instead ask, “with whom? “ It is important to speak good English.
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vapourminer
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Activity: 4312
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what is this "brake pedal" you speak of?
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April 19, 2021, 03:20:26 PM |
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Wife and I are looking forward to second shot.
had less side effects from the second than the 1st. bit of mild fatigue and bit sore at injection site. gone in a couple days.
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mrjoy15
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April 19, 2021, 03:31:31 PM |
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Bloody Sunday has gone, however market is still surviving. In fact, we're passing a crucial point in time. Hold your breath. Shit always happens on those panic sellers. This is nothing other than a good time to accumulate. It's still a bull market. No need to hold the breath.
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Arriemoller
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Cлaвa Укpaїнi!
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April 19, 2021, 03:37:02 PM |
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Bloody Sunday has gone, however market is still surviving. In fact, we're passing a crucial point in time. Hold your breath. Shit always happens on those panic sellers. This is nothing other than a good time to accumulate. It's still a bull market. No need to hold the breath. So, are we supposed to hold our breath or not?
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lightfoot
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Activity: 3094
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I fix broken miners. And make holes in teeth :-)
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April 19, 2021, 03:39:13 PM |
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Besides, you should be aiming to increase your overall wealth by minimum 10% each year. Then you only need to worry about choosing “his and her” matching colour Lambos... or his/his (Bob)
well, three really: yours, your wifes, and your wifes boyfriend* *all genders to be adjusted to taste of course. Interesting. My GF has to buy her own Lambo from her own money. Wife wants Lexus.
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BTCaesar
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Activity: 108
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April 19, 2021, 03:46:00 PM |
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Bloody Sunday has gone, however market is still surviving. In fact, we're passing a crucial point in time. Hold your breath. Shit always happens on those panic sellers. This is nothing other than a good time to accumulate. It's still a bull market. No need to hold the breath. So, are we supposed to hold our breath or not? To hodl or not to hodl, that is the question
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Elwar
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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April 19, 2021, 03:53:04 PM |
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Looks like Bitcoin is dead.
Time to go fight in the war.
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bitcoinPsycho
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Activity: 2464
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$120000 in 2024 Confirmed
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April 19, 2021, 03:56:15 PM |
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This is just a game for Ants literally
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bitcoinPsycho
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Activity: 2464
Merit: 2048
$120000 in 2024 Confirmed
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April 19, 2021, 03:57:21 PM |
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Bloody Sunday has gone, however market is still surviving. In fact, we're passing a crucial point in time. Hold your breath. Shit always happens on those panic sellers. This is nothing other than a good time to accumulate. It's still a bull market. No need to hold the breath. So, are we supposed to hold our breath or not? To hodl or not to hodl, that is the question Is it me or is this a stupid question? Edit: to buy and hold is the answer
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gallianooo
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April 19, 2021, 03:57:28 PM |
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Poor again ? Double local bottom ? Sideway 51-56 for a while ? Magic green big candle will surprise us soon from nowhere ?
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LoyceV
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Activity: 3290
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Thick-Skinned Gang Leader and Golden Feather 2021
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April 19, 2021, 03:58:46 PM |
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Poor again ? Still poor
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BobLawblaw
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Neighborhood Shenanigans Dispenser
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April 19, 2021, 04:16:32 PM |
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Dip is back on the menu, boys. Buying bigger chunks this drop. First order just got filled at $55.5k on the way down.
Think I played this drop pretty well. Bought $500 chunks at $250 intervals. Got filled as low as $54.5k before my daily ACH limits were hit. Enough for today.
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El duderino_
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Activity: 2492
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BTC + Crossfit, living life.
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April 19, 2021, 04:20:49 PM |
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Poor again ? Double local bottom ? Sideway 51-56 for a while ? Magic green big candle will surprise us soon from nowhere ? Gotta say, got a weakness for those ....
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Paashaas
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Activity: 3420
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Okex integrates Lightning Network.OKEx, a world-leading cryptocurrency spot and derivatives exchange, has announced that it has integrated Bitcoin’s Lightning Network, allowing faster and cheaper transactions for users.
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Torque
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April 19, 2021, 04:37:56 PM |
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Okex integrates Lightning Network.OKEx, a world-leading cryptocurrency spot and derivatives exchange, has announced that it has integrated Bitcoin’s Lightning Network, allowing faster and cheaper transactions for users. So transaction fees on OKEx should then drop to zero, yes?
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LoyceV
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Activity: 3290
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Thick-Skinned Gang Leader and Golden Feather 2021
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April 19, 2021, 04:38:18 PM |
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Any idea what fee they charge for LN withdrawals?
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Paashaas
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April 19, 2021, 04:43:25 PM Merited by JayJuanGee (1) |
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Any idea what fee they charge for LN withdrawals? From their website.Integrating Lightning with the OKEx platform will allow users to send and receive BTC in near real-time at next-to-no cost.
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Biodom
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April 19, 2021, 04:47:08 PM |
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There is NO consensus that 1mil gives you 3.3 thou a month of passive income. Where are you getting these numbers?
https://www.schwab.com/resource-center/insights/content/beyond-4-rule-how-much-can-you-safely-spend-retirementOne frequently used rule of thumb for retirement spending is known as the 4% rule. It’s relatively simple: You add up all of your investments, and withdraw 4% of that total during your first year of retirement. In subsequent years, you adjust the dollar amount you withdraw to account for inflation. By following this formula, you should have a very high probability of not outliving your money during a 30-year retirement according to the rule.
For example, let’s say your portfolio at retirement totals $1 million. You would withdraw $40,000 in your first year of retirement. If the cost of living rises 2% that year, you would give yourself a 2% raise the following year, withdrawing $40,800, and so on for the next 30 years.
The 4% rule assumes you withdraw the same amount from your portfolio every year, adjusted for inflation This is called SWR (safe withdrawal rate), NOT passive income. You (and @JJG) are mixing two concepts together. I think that there is also a kind of consensus evolving in recent times that even today, you need $2million as compared to what a millionaire would have been in 2010-ish So $1million will give you about $3,333 in passive income per month and sure double that with $2million.. to $6,667 per month of passive income.
<snip> I am fairly certain dividends from stock/shares, interest received from savings, royalties, is a form of passive income. However, unless you are retired, DRP is the way to go! Everyone’s situation is different and how they invest and plan for future retirement will be different, but the one thing we can all agree on is, we never want to worry about where to find that extra $100 to pay a late bill. Besides, you should be aiming to increase your overall wealth by minimum 10% each year. Then you only need to worry about choosing “his and her” matching colour Lambos... or his/his (Bob) Maybe, but no one should rely on dividends as a firm number. In 2008 many dividend paying stocks were decimated together with everything else.
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