11Mon
Your chart is not suggesting capital depletion. Personally, I don't want to take anything with me if I drop dead, so less than the 4% withdrawal rate is enough for me.
For me, 1 million would be the limit where I would probably stop saving.
For me, 1 million would be the limit where I would probably stop saving.
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@Madhatter5566 I think it's kind of selfish, isn't it nice to have created some security for your children and grandchildren?
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11Mon
@BisInDieLetzteFussnote They can fight over the leftover corners. If I want to give them something, I'll do it while I'm still alive.
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11Mon
@BisInDieLetzteFussnote Haha! Doing something to make yourself feel good isn't selfish now? 😅
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@Epi I don't understand. If you feel good about yourself when you do something good for others, that's selfless and definitely not selfish
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11Mon
@BisInDieLetzteFussnote Giving to others in exchange for a "good feeling" is selfish. Just like blowing your own money and feeling "good" about it. Personally, I give during my lifetime and not afterwards, because everything that comes after that... is who cares. And anyone who has seen how the vultures circle after the inheritance gives away, if anything, before. You have no control afterwards.
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•11Mon
@BisInDieLetzteFussnote Well, if you do something else because it makes you feel good or BECAUSE it makes you feel good, then it's classic selfishness wrapped up in moralism. 🤷
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•@Madhatter5566 I see it differently, I am doing something good BECAUSE I want to give my children a good start and a financial cushion. Knowing that my children are secure also makes me feel "good"
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11Mon
@BisInDieLetzteFussnote Sure, if the good feeling is just a by-product, it may be true that doing good is not selfish.
But beware! Selfishness lurks everywhere. After all, it is YOUR children you are doing good for. Your own MiniMe's are also just versions of yourself. What you do to them, you are basically doing to your extended self. 😉
But beware! Selfishness lurks everywhere. After all, it is YOUR children you are doing good for. Your own MiniMe's are also just versions of yourself. What you do to them, you are basically doing to your extended self. 😉
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•11Mon
@BisInDieLetzteFussnote Is that what you're doing by letting the vultures circle after you? There are much better ways, and above all, they lead you safely to your destination.
And you do them all during your lifetime. The idea that there has to be capital left after your death is just stupid. Especially when you see how many people die much earlier anyway.
And you do them all during your lifetime. The idea that there has to be capital left after your death is just stupid. Especially when you see how many people die much earlier anyway.
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@Madhatter5566 I agree with you, everything should be settled before I pass away. I was more concerned with the principle of not using everything for myself...
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