Dillon McCormick, an air force veteran, had been supporting himself by pushing carts in Louisiana’s triple-digit temperatures
  • givesomefucks@lemmy.worldEnglish
    1·
    4 months ago

    90 years old and 233k is a “chance” at retirement…

    We can’t keep ignoring this shit, it needs fixed and not just by donation websites.

  • RememberTheApollo_@lemmy.worldEnglish
    0·
    4 months ago

    $233,000 is not retirement money.

    That’s just over $6k/year in interest at a modest 5%.

    Or at his age he can take an extra ~$20k+/yr for a while of straight cash. Might be the better choice.

    • Fermion@feddit.nlEnglish
      1·
      4 months ago

      You might want to check your calculator again. $233k * .05 = 11.65k

      I agree that this isnt anywhere close to lavish retirement money but if he withdraws $20k/ year plus takes his full social security payments, he can probably replace the cart pusher wages. So that’s still retirement money, just a modest retirement.