Post
Topic
Board Bitcoin Discussion
Re: Retirement
by
Plaguedeath
on 07/10/2024, 05:52:59 UTC
If someone who is 43 maybe 44 years old in the u.s. has like at most 15 million usd worth of bitcoin, should they continue to work until theyre at least 62 years of age or can they just retire much earlier assuming they were either receiving annual dividends which were at least 300k usd per year
Bitcoin isn't a stock or centralized business which give you annual dividends or interest.

If you sell your $15 Million of Bitcoin at once, it will occur capital gains and you need to pay tax, in the end you only get probably $12-13 Million.

I don't understand why people are really obsessed with "retirement", it's different with "financial freedom".

Retirement means you will completely stop working, while financial freedom, you aware if you have a lot money and you can quit from your job at anytime or doing whatever you want.

I'm not saying $15 Million is small, but if in the future you or one of your family suffered serious disease, do you think $15 Million are enough?

Cancer patients pay $16 billion out-of-pocket annually for cancer treatment.