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Originally Posted by czarina
the interest depends on how much money you have. With 500K you may get 2% in US. But if you have 1Million you can negotiate that % and get it up to may be 3%.
Now, how much do you need to live comfortably? and, did you calculate medical expenses in that amount?
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forget about 3%. Mutual funds will pay Waaayy better. And long tem investiment, the risk is pretty low if you're smart about where you put the money.
As for comfortable lifestyle, that depends on your definition. 12,000 square foot house or 2000 sq ft? In L.A.(Los Angeles) or LA (Louisiana)?