#132 Making Money Simple & Smart - Nick Maggiulli on blogging into a new career, writing for smart people, building relationships in the finance world, the lifestyle creep myth, dying with too much money, and money emotions
The Pathless Path with Paul Millerd
How Do You Calculate Social Security?
I found that I had already fully qualified for Social Security by working 40 quarters. If I just break even, never invest any additional money for the next 30 years and then project a conservative 4% annual market return, I would essentially have $5,000 a month for retirement starting at age 67. That was the craziest thing to me because I basically declared in this post, 'I am officially retired' And I think I just got a couple responses back there: You're insane if you think you can actually live on $5,00 a month.
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