Magic number is 8 years from now when my youngest will leave for the world. Would like to accumulate at least 60k-80k dividends minimum. Of course, the more the merrier. I might flip a home just for the exposure and maybe pick up another hustle. Likely will move to a no tax state and use it as a home base since California has the highest long term capital gains tax.
No doubt social security will not sustain my lifestyle when the threshold is here but that will be a nice bonus hopefully.
Yea than you want to slowly start transition to more safe asset
Like bonds, government treasury, CD etc...
$1,000,000 at 4%= $40,000 per year is pretty good
Rates just suck ass these days
I was lucky to luck in that 2.8%
Before shyt went south . Lucky thats all