38
you are viewing a single comment's thread
view the rest of the comments
[-] Bye@lemmy.world 3 points 1 week ago

If you save money for retirement you’re ideally selling gains off of that money. Like you have 500k invested in something safe like bonds, it’s making maybe 5% a year, so you live off of that 5% in early retirement and a bit more than that in late retirement. Then you have money leftover when you die, so your heirs can have it.

this post was submitted on 14 Jun 2024
38 points (91.3% liked)

Canada

6921 readers
380 users here now

What's going on Canada?



Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Regions


🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities


👒 Lifestylecoming soon


💵 Finance / Shopping


🗣️ Politics


🍁 Other


Rules

Reminder that the rules for lemmy.ca also apply here:

  1. No bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia.
  2. Be respectful. Everyone should feel welcome here.
  3. No porn.
  4. No Ads / Spamming.


founded 3 years ago
MODERATORS