I just turned 30. I have a quarter million in cash/near cash and no debt. About $220k is in FDIC insured accounts earning a safe, but meager 5%. The rest is in mutual funds or cash-cash in a fire-proof safe.
I am single, no kids, and no debt. I can now reasonably save about $100k a year after taxes and living expenses.
I live in Utah, which is kind of like the American version of Nigeria (lots of fraud and swindlers prey on the, ahem, gullible sheeple in this state). As a result, I'm paranoid to turn over any financial control to third party $ managers.
How should I manage my nest egg? And at my current savings rate when can I retire and live off interest?
I figure at today's dollars I need $100k/year post-tax to live comfortably.
2007-03-28
06:34:23
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7 answers
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asked by
Anonymous