Poker opened the world to a new generation of young people who had become rich before graduating from high school. Don’t you think that such cases were impossible to happen a few years ago? We are more than sure that in the 18th century, a young man could get a fortune that could change his life. However, there were other times and other people.
It’s no secret that the youth who started to play poker online achieved success quickly. Some players, like Mike McDonald (Timex), became rich and famous even before reaching the age to legally play poker in the US. Timex earned starting capital by playing online poker with its further successful investment.
He could not play in Vegas, so he began to tour and take part in European tournaments. And his voyage to the Old World was successful. But it’s not about the success of the Canadian, but about the whole generation of young players who quickly earned huge fortunes, while not having a stable source of income behind them. Thus, poker removes any restrictions being placed on retirement age and pension budget.
Young Poker Players Become Millionaires & Go on Pension
Things are quickly changing, and once they earn a million, people get bored and go on pension, although being young though. What will these young millionaires do when the poker world closes its doors for them?
A young but retired poker player has many things he can do after finishing his career in poker. A young man who made a one-time investment in a pension fund in the amount of $45,000 at the age of 23 will have $780,000 on his account by the time he reaches 60. Such an investment will allow you to calmly meet your old age without denying yourself the comfort you value. A lone person earning more than $350,000 a year must pay a tax of 35%, and a third of the pension contributions will be deducted from the taxes. Thus, the US encourages its citizens to make provisions for pensions, which allows citizens of the country to live a quality life.
Having made provision for the future, a person can prioritize time with things he likes – travelling, sports, hobbies, personal/ professional development, charity, etc. An investment in a pension fund will serve as a monetary backup for him. If you want to live a life of a successful poker player, then it would be a good idea for you to check poker tips and develop a winning strategy to win a million in poker. We wish you good luck!