It’s time for my annual “Life of Riley” report. This is the report in which I estimate how much money you need to be at the threshold of upper-crust living — call it the lower upper crust — without the indignity of work.
This year you need an estimated $4,192,720 if all of your income comes from a 50/50 portfolio of stocks and bonds producing dividends and interest. The recent increase in interest rates — the one that has the entire planet trembling — dropped the required amount about $600,000 in a single month. If interest rates rise further, you won’t need to be nearly as rich to live the Life of Riley.
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