Re: It\'s time for poker players to start putting their money to work.
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If you have 1.7 million in investments that are earning 9% a year then I am pretty confident that you could comfortably retire in many places other then Montana.
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No, you can't. You are going to want to own a house, for starters, and this won't even buy that.
You have to keep it in today's terms -- it ain't $1.7m, its less than half that. And where is that 9% coming from? If you want "safe" money that you have to live on, you will be in bonds, earning 3.5% after tax. So you now have no house, and in today's terms, are earning like $25k per year after tax to support your wife and kids. You can't earn 9%, because you would ahve to be fully in stocks to do it and you need the cash flow.
I have friends with a lot more money than $1.7m who are nowhere NEAR being able to retire.
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