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Retirement Discussions / FIRE Wannabees


Subject:  Re: 8 years till ER Date:  10/11/2004  3:59 PM
Author:  hjg0989 Number:  2657 of 5138

"From the information you provided in your post, you can plan to have an annual income of something like $32,000 from your portfolio, something like $20,000 from your pension, and I'll guess something like $15,000 from your Social Security retirement benefits. Your gross annual income will be in the neighborhood of $67,000. This money is mostly taxable, so you should plan to have a net annual income in the neighborhood of $36,000."

Yikes - that's a 54% tax bracket