The general rule of spending 4% of your total savings per year to sustain your money in retirement is repeated often. Not explained is whether this is before or after tax money. If one has $1 million in a retirement plan and needs $40,000/ year to live do you really need more than a million since that money will be taxed when it is removed from the retirement account?
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra