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Old 04-15-2007, 08:49 AM
trapsetter trapsetter is offline
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Join Date: Jul 2005
Posts: 1,007
Default You\'re making 800k a year now.....

Sorry, but this is only a hypothetical question:

Assume you are broke, or nearly broke, and own basically no valuable assets.

If your 2007 income was to be $800,000 before taxes, and you were guaranteed this annual income (provided you showed up at work and did your job competently) for as long as you wanted to work, how many more years would you see yourself working before finally retiring?

For the purposes of this discussion, assume the number increases a bit each year to account for inflation, and assume income tax and capital gains tax laws don't change dramatically from what they look like today. Also, more important, once you decide to retire, your guaranteed 800k deal is gone, and you cannot open your own business or work another job. In other words, once you decide to retire, you can only live off investment income from the savings you have accumulated along the way.

How many years do you predict you'd continue working?
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