chat, do you think she can safely retire?

>>60682414 (OP)
No not unless she changes her entire lifestyle and outlook on life

>>60682414 (OP)
His real estate returns are so low
What's the point of owning those? Even bonds or a fucking savings account can outperform those returns
Do property value increases really make that big of a difference?

>>60682414 (OP)
>We were born into money
>Our parents invested in our education
Kek

>>60682414 (OP)
These Boomers will keep grinding until they're 80 and still claim they're at their peak

>>60682542
>not even 50yo
>boomer
choose 1

>>60682510
you get a tax deduction on the depreciation. A 500k house is like 15k depreciation deduction which can be used to offset passive income like capital gains. That's in addition to the net operating profit. Not tax advice, figuring depreciation is complicated and I may be wrong.

t. landed class

>>60682414 (OP)
>it sure seems like a shame to just let it go just as I'm reaching the peak.
This mindset permeates through North America

>>60682414 (OP)
Does chat mean GPT, or twitch chat?

>>60682414 (OP)
People like this have no ambition, no soul, nothing to live for. It's crazy someone like this can wind up with that amount of money.

>>60686387
Having money is not enough. The wisdom to use it well is more valuable than any money.

>>60686387
It's easy. You just go and pick six numbers (plus 1 for the little red ball) and see what happens.

>>60683597
These days being a boomer is more of a mindset than a generation

She could if she reel in the spending a bit

If I was her though id do another 5-7 years if I could but id always be on the verge of 1 bad day starting my retirement early

>>60682516
>we weren't born into money
>I had to wait till my parents died to inherit it

>>60682414 (OP)
It's only really the $5 million they can count on.. With the cash flow (and projected cash flow) from their rental properties
>225 - 35
>5 / 0.19
That is ~25 years they can afford their current standard of living, they will turn 70 when they run out of money.
This obviously assume 0 inflation and 0 ROI.. a modest ROI of 1% point above inflation would be $50K the first year, and then progressively lower.
4% points above inflation would mean they are in a steady state..
The question is can you count on the ROI?