Quote:
Originally Posted by Gatordash
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Its closer to 7-8 million but add in other assets like homes and the way inflation is going you'd get close. I think a lot more people are affected by estate taxes than you are giving credit for.
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Alright.
$120,000 a year in income taxed at let's say 35% with a conservative $45,000 of expenses a year leaves $33,000 to be invested a year. Compounded at 5% annually, that's a NFA value at year 40 of $3.98 million.
Where are you pulling your numbers out of your ass?