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Originally Posted by mrthumbs
Yes.. and more important were talking Dollars here..
1 mil with lets do something outrageous: 3% interest is $ 30k a year
= 25k Euro something a year? Thats not decent living in Europe and it will
be below poverty 10 years from now..
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You're also ignoring inflation...
If inflation is 3% p/a then you need an effective interest income rate of 3% AFTER tax just to keep the value of your capital. You'd need to be earning 6% AFTER tax in order to cover inflation and draw a $30k p/a wage.