this post was submitted on 15 May 2025
65 points (94.5% liked)

chat

8396 readers
115 users here now

Chat is a text only community for casual conversation, please keep shitposting to the absolute minimum. This is intended to be a separate space from c/chapotraphouse or the daily megathread. Chat does this by being a long-form community where topics will remain from day to day unlike the megathread, and it is distinct from c/chapotraphouse in that we ask you to engage in this community in a genuine way. Please keep shitposting, bits, and irony to a minimum.

As with all communities posts need to abide by the code of conduct, additionally moderators will remove any posts or comments deemed to be inappropriate.

Thank you and happy chatting!

founded 3 years ago
MODERATORS
 

I spoke the other day about rich people whingeing that they don't have enough to retire in luxury. In today's news there is a 67 year old man who hates his job and wants to retire. However the poor thing only has $700K saved up. This only gives him $28K a year in interest. sadness Poor old dear still hasn't paid off his mortgage so how will he manage on that?

How the other half live.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 1 week ago (1 children)
  1. We don't know the gender of this person

  2. Rule of 4% is just for a period of 30 years. The math doesn't become less correct based on age. It was originally conceived in 1994 for people retiring 62-65. With increases in life expectancy since then I don't think 67 is too far of a stretch to apply it.

[–] [email protected] 5 points 1 week ago (1 children)

We don't know the gender of this person

Wow, you're right. A lot of people in these comments have said they're a man, but it doesn't actually say that anywhere.

[–] [email protected] 4 points 1 week ago

In today's news there is a 67 year old man who hates his job and wants to retire.

I was going off of this from OP, I thought they knew this person personally and didn't see the hyperlink