Quote:
Originally Posted by Unregistered
I'm an ex banker, used to earn a lot. Had to stop working due to health reasons. Owns 3 fully paid condos. Income dropped to only $60k pa (only rental income). Cut spending to $40k pa. Not much luxuries except the nice condo living, had to sell away the sports car. Net worth only $3m. Need to nurse myself back to health. All these years I have been paying tons of income taxes, just wondering what kind of unemployment benefits I can get since now I can't work. Any advice?
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For someone with $3m, you shouldn't be trying to live on $40K pa. 5% return on $3m is $150k pa and should give you a far more comfortable life. Better reorganize your finances.