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re: Retirement Income Goals for planning purposes.
Posted on 1/14/24 at 4:05 pm to TorchtheFlyingTiger
Posted on 1/14/24 at 4:05 pm to TorchtheFlyingTiger
quote:
What are your income sources in retirement? Retirement withdrawal methods such as the 4% rule typically account for inflation and would require +$3m nest egg to draw $120k. On other hand if you are looking at a $10k/m fixed income stream with no inflation adjustments thats gonna get real tight after 20-30 yrs.
That's why I'd better keep saving, even though right now things look great (for just this moment in time).
1
Posted on 1/14/24 at 4:22 pm to Champagne
quote:
even though right now things look great (for just this moment in time).
You honestly sound anxious as frick throughout this thread. Facts are your friends so maybe if you quantified everything accounting for the inflation variable you seem so stressed over and wrote it down you would feel better. Unless you already have.
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