I don't need $120-160k annually to retire, thats more than double what i spend

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Mar 27, 2025
2:58:46pm

BYUFootballisBack Truly Addicted User

now as a family of 6 (not including mortgage as that would be paid off)

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BYUFootballisBack

Previous username: oddsewer
Bio page: BYUFootballisBack
Joined: Apr 29, 2007
Last login: Apr 12, 2025
Total posts: 17,513 (731 FO)

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Messages

Author

Time

IF you sold a company for 1.3 million after taxes what would you do with money?

Ycrazy

Mar 27, 2:08pm

retire, eat good, golf

BYUFootballisBack

Mar 27, 2:08pm

You probably need closer to 3-4 mill to retire.

CougarMandias

Mar 27, 2:24pm

I don't need $120-160k annually to retire, thats more than double what i spend

BYUFootballisBack

Mar 27, 2:58pm

That money will outlive you if you eat too good

machete

Mar 27, 2:34pm

RE: IF you sold a company for 1.3 million after taxes what would you do with

Cougs4Lfe

Mar 27, 2:09pm

Buy a new car, take a nice trip and invest the rest

CommodoreCoug

Mar 27, 2:09pm

A Vanguard or Fidelity mutual fund.

OrsoNero

Mar 27, 2:09pm

Invest it for 7-8 years to double it then enjoy a dream. Sailing?

AFewThoughts

Mar 27, 2:10pm

Put it all on black.

SierraCoug

Mar 27, 2:10pm

Put it in my change pocket and go about the rest of my day

IAmSpartyCoug

Mar 27, 2:11pm

Depends on what my retirement accounts look like and if I have any other income

NumbersGuy

Mar 27, 2:12pm

This is his retirement acct. Wife works makes decent money. NO 401k pension

Ycrazy

Mar 27, 2:13pm

Does your wife enjoy working? Mine would probably still want to work, but

crack

Mar 27, 2:34pm

Then go to work. No way you can retire on $1.3MM at that age

Uno Doctoro

Mar 27, 2:35pm

Invest it and go find another job. I would go crazy without work.

Iron Coug

Mar 27, 2:12pm

Invest in more real estate

SV72 Sale

Mar 27, 2:15pm

Real estate not ETF or mutual fund? Tell me why you go that route?

Ycrazy

Mar 27, 2:29pm

Appreciation, depreciation, cash flow

SV72 Sale

Mar 27, 2:56pm

1/3 in today’s market

Odysseus

Mar 27, 3:19pm

Max out retirement accounts each year. Keep rest invested. Soft retire if possible

txblue

Mar 27, 2:15pm

Buy a fourplex, bring in about $6000 a month, start a little LLC to run the

RC Vikings

Mar 27, 2:18pm

Invest. Get a job as a HS coach or AD or something

Odysseus

Mar 27, 2:18pm

Yeah I hear Maple Mountain might be looking!!

Ycrazy

Mar 27, 2:28pm

I can wait ~18 years, so I'd let it double twice in a broad based, low fee ETF

Still Blue

Mar 27, 2:23pm

buy 1.3 millionish dollar tacos

COUGND

Mar 27, 2:31pm

It all depends on your age and your long-term goals.

Cougar Junkie

Mar 27, 3:51pm

Don't overlook the QSBS (IRS Sec 1202) that might make the gain tax free.

Pick-Six Coug

Mar 27, 3:52pm

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