10% population in SD county are millionaires (exclude Primary RE)?!

[one_muggle]

When I run a simple case on the numbers for money needed to retire, I am not surprised.
Plugging in a generous but reasonable current income of $200k, for a 35 year old, retiring at 62 on 65% current income, I get a required nest egg of more than $4M.
It’s not surprising that 1 in 10 people in one of the richest county’s, in the richest state, in one of the richest countries are millionaires–all denominated in dollars, I might add. Now a million Euros, that’s real money! ;^)

-one muggle

[what_a_disasta]

I read a statistic once that said 25% of Americans believe Elvis is alive… Just thought I’d share that with you.

[what_a_disasta]

I read a statistic once that said 25% of Americans believe Elvis is alive… Just thought I’d share that with you.

[what_a_disasta]

I read a statistic once that said 25% of Americans believe Elvis is alive… Just thought I’d share that with you.

[patientrenter]

One muggle, $130,000 a year from age 62 on $4 million is 3.25%. That strikes me as below the average assumption. Any particular reason?

Patient renter in OC

[patientrenter]

One muggle, $130,000 a year from age 62 on $4 million is 3.25%. That strikes me as below the average assumption. Any particular reason?

Patient renter in OC

[patientrenter]

One muggle, $130,000 a year from age 62 on $4 million is 3.25%. That strikes me as below the average assumption. Any particular reason?

Patient renter in OC

[Coronita]

I read a statistic once that said 25% of Americans believe Elvis is alive… Just thought I'd share that with you.

 

He's dead?  Next thing you're going to tell me is that Santa Claus doesn't exist. 🙂

 

[Coronita]

I read a statistic once that said 25% of Americans believe Elvis is alive… Just thought I'd share that with you.

 

He's dead?  Next thing you're going to tell me is that Santa Claus doesn't exist. 🙂

 

[Coronita]

I read a statistic once that said 25% of Americans believe Elvis is alive… Just thought I'd share that with you.

 

He's dead?  Next thing you're going to tell me is that Santa Claus doesn't exist. 🙂

 

[Coronita]

When I run a simple case on the numbers for money needed to retire, I am not surprised.
Plugging in a generous but reasonable current income of $200k, for a 35 year old, retiring at 62 on 65% current income, I get a required nest egg of more than $4M.
It's not surprising that 1 in 10 people in one of the richest county's, in the richest state, in one of the richest countries are millionaires–all denominated in dollars, I might add. Now a million Euros, that's real money! ;^)

-one muggle

 

 

It will be much closer to 10million, particular if healthcare continues on the trend. There is a reason why I still brown bag some of my lunches. It's not going to look pretty 30 years from now, i fear.

[Coronita]

When I run a simple case on the numbers for money needed to retire, I am not surprised.
Plugging in a generous but reasonable current income of $200k, for a 35 year old, retiring at 62 on 65% current income, I get a required nest egg of more than $4M.
It's not surprising that 1 in 10 people in one of the richest county's, in the richest state, in one of the richest countries are millionaires–all denominated in dollars, I might add. Now a million Euros, that's real money! ;^)

-one muggle

 

 

It will be much closer to 10million, particular if healthcare continues on the trend. There is a reason why I still brown bag some of my lunches. It's not going to look pretty 30 years from now, i fear.

[Coronita]

When I run a simple case on the numbers for money needed to retire, I am not surprised.
Plugging in a generous but reasonable current income of $200k, for a 35 year old, retiring at 62 on 65% current income, I get a required nest egg of more than $4M.
It's not surprising that 1 in 10 people in one of the richest county's, in the richest state, in one of the richest countries are millionaires–all denominated in dollars, I might add. Now a million Euros, that's real money! ;^)

-one muggle

 

 

It will be much closer to 10million, particular if healthcare continues on the trend. There is a reason why I still brown bag some of my lunches. It's not going to look pretty 30 years from now, i fear.

[gverdi]

Something seems wrong in this study since the numbers of CA millionaires are distribute as such:

23% of households in LA
10% of households in OC
9% of households in SD
6% of households in SC

That leaves 52% of the CA millionaires living in Riverside, San Fernando Valley or maybe Inland Empire?

Feels like a paid study showing that moving to CA among SO many millionaires might not be a bad idea even after the latest tragic fires …

[gverdi]

Something seems wrong in this study since the numbers of CA millionaires are distribute as such:

23% of households in LA
10% of households in OC
9% of households in SD
6% of households in SC

That leaves 52% of the CA millionaires living in Riverside, San Fernando Valley or maybe Inland Empire?

Feels like a paid study showing that moving to CA among SO many millionaires might not be a bad idea even after the latest tragic fires …

[Author]

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