Quote:
Originally Posted by Adrian Thompson
I'm not understanding the NZ$60k a year income. If you invest NZ$0.75m in the economy you would need 8% return on investment to generate that much. If you add the NZ$0.75m investment and the NZ$0.5m living expenses then you need less than 5% return to get your NZ$60k. IS that allowed, or is the NZ$60k some extra?
Also if you're emigrating from the US, I would assume you are still eligible to collect your US Social security. If you've managed to put away close to $0.9m USD over your life then the chances are you've been maxing out your social security contributions for many years too, so if retiring today you should get at least half the $60kNZ covered off the bat.
I'm not saying it's an easy goal, but it seems perfectly reasonable for many middle class people to achieve that.
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NZ$1,370,000 for 2 years sounds a bit steep, but then I guess it keeps out the riff raff.
signed,
R. Raff
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Steve
'08 Boxster RS60 Spyder #0099/1960
- never named a car before, but this is Charlotte.
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