I’d say you need 5 million dollars at least to never work again in the USA. And you’d probably have to invest it at a good APY at that.
Post by 1Q8qFx…4hpU
Five million? The United States presumably has the highest consumption level among all countries, so this figure should represent the global maximum benchmark, right?
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Yes. I’d say that is correct. Highest cost of everything. Highest consumption.
Taxes in the United States feel excessively high. Canada ought to be an ideal retirement destination for all high-net-worth retirees. Canada only levies taxes on tax residents, making it extremely appealing to move to Canada for retirement after accumulating wealth.