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[–] 22 points 6 months ago* (13 children)

I train guide dog puppies. From the moment they start training they are legally guide dogs. When they are with me, I'm considered legally blind. In this country, denying entrance into a public/commercial space carries a minimum 6.000€ fine. Judges can go up 5 figures.

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  • [–] 4 points 6 months ago (12 children)

    5 figures is not “set for life” money like everyone seems to be suggesting

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  • [–] 2 points 6 months ago (4 children)

    "Allow her to retire comfortably"

    The debatable part is if they meant immediately retire. Which 5 figures will not let you do. But will it allow her to retire eventually comfortably?

    10 year US bond is 4.2%

    Let's say she is 30.

    Retirement age is 67. So 37 years until retirement.

    6,000€ ×5 is ~$35,000

    $35,000 at 4.2% interest for 37 years is $160,388.66 (This isn't taking into consideration reinvesting the 4.2% interest after 10 years, but also ignoring things like taxes)

    But getting $160k when you retire would allow a lot of people to retire comfortably.

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  • [–] -2 points 6 months ago (6 children)

    @wavebeam Are people actually suggesting that?

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  • [–] 0 points 6 months ago (5 children)

    Is that retirement money? Because that's what was stated above.

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  • [–] 0 points 6 months ago (4 children)

    "Allow her to retire comfortably" is what was stated above.

    The debatable part is if they meant immediately retire. If she saves it for retirement then it is "retirement money"

    But will it allow her to retire eventually comfortably?

    10 year US bond is 4.2%

    Let's say she is 30.

    Retirement age is 67. So 37 years until retirement.

    6,000€ ×5 is ~$35,000

    $35,000 at 4.2% interest for 37 years is $160,388.66 (This isn't taking into consideration reinvesting the 4.2% interest after 10 years, but also ignoring things like taxes)

    But getting $160k when you retire would allow a lot of people to retire comfortably.

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  • [–] 2 points 6 months ago (3 children)

    That’s like 4 years of income at a poverty level…

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