Strategy and amount needed for $25k gross annual income
Hi all,
I could move to another country in a few years selling everything I have in California including principal residence. I would need about $50k per year to be quite comfortable there. I can easily get a job for $25k there so I'm thinking another $25k from investment would be a good strategy.
How much would you calculate is needed to be invested and what strategy would be a "safe" and "reliable" year after year? What kind of diversification would be good? What would be a fair safe return on investment in current cycle? It has to be 90%hands off.
Additional question: the fact that California thinks I should still pay state taxes even though I would live overseas (need to confirm), what state would make sense to move to and invest before leaving for overseas?
Thanks!