That is too low. You want at 3.5 million or seven times that amount.
How many years do you plan to live after retirement? Most people say 30 years, and you know prices will go up over that time.
500k divided by 30 = 16,666.66 a year divide by 12 = $1388 a month. That is before Capital Gains taxes of 15%.
While it is okay now. It is not good in the long haul.
$1300 Pension
$1388 Retirement
$2861 Social Security
$5549 a month.
Which is great above. However, you will pay Capital Gains on your 500k (15%), plus taxes on Social Security and your Pension that are not guarantees to last. Why do I say this?
We are likely 12 months out from a 2008 that is on steroids. The negative yields we saw a week ago is a harbinger of a recession or depression from 8 to 24 months out the last 7 times in a row. The BIG ONE in other words.
Normally we average a Recession every 6 years. That is normal, and it is part of a seasonal cycle. We cannot go up in one direction forever. Right now we are on the longest growth period in history (11 years) and we are way overdue for a Recession and Depression.
We have been in fake economy since 2008. The Fed did not fix anything in 2008. They just set us up for a bigger fall with the TARP, QE I, II, III, infinity, etc.... On top of that the Fed never raised interest rates when Obama was in office.
Now that President Trump is in office. We cannot raise the interest rates without killing the economy. This is when interest rates are at an all time low. The economy lasted as long as it did because of President Trump. He has done an outstanding job despite all odds. However, the fuse on our economy was lit a long time ago. It was lit in 2008 and was set up for the fall when Nixon took us off the gold standard back in 1971. Although most will argue that we were set up before any of us were born. This was under President Woodrow Wilson.
Nevertheless, I expect the Globalist to try to crash the economy in August of 2020. For the record it is NOT President Trump’s fault. Our economy has carried on because President Trump who is that awesome and that great. Furthermore, I think he knows this and there is a plan (crypto/digital assets) that will get us out of this mess. However, there will be a lot of pain in between and the filthy media, the Globalists, the Establishment, Hollywood, the media and Academia will attempt to blame President Trump in order to defeat him in 2020. Of course it is total B.S. and President Trump has done an OUTSTANDING job.
The Establishment who created this mess will try to blame President Trump.
Why is the above so import. It is because it will impact your retirement.
The Fed is talking about negative interest rates and they are quickly running out of QE bullets. Negative interest rates and accelerated deflation is what you see before a crash.
This will impact your Pension and Social Security. Even your 500k retirement would be impacted. Trust me on this. You need at least 3.5 million.
Split the 1.8 million evenly. DO NOT let her get the majority of it. That is bad news for you.
I am not a financial advisor and this is for entertainment purposes only. I suggest to get at least 1 full bitcoin and look into getting some XRP. Store in the Coinbase offline Vaults that are FDIC insured.
You can set up your account here. www.coinbase.com
Good luck!
I have not always been the best person to gauge the markets.
However, knowing how evil and pervasive the Global elites and the Deep State obviously are, people would be nuts not to sleep with one eye on the market and the economy in the summer of 2020 before the election.
