Fools:From all that I have read here on the forums, I have concluded that IF I were to retire (presently 44), that I could safely pull 4%/year from a properly invested nest egg (say in an S&P-500 fund) without drawing my funds down to $0 later in life. With that in mind...I have two questions:1) If I were to take a 4% distribution annually (from funds/stocks that has been invested for over 2 years), what are my tax liabilities at the time of withdrawl? Do I still pay FICA, etc? Is my Federal tax capped at 20%? What about State (VA) taxes? Is there an advantage to getting a part-time job?2) If the 4% withdrawl is a good assumption and I have a $250K mortgage with annual payments of $30K, should I not pay off the mortgage (25 years left) since the $250K would only generate about $10K long term? This would allow me to withdraw less than 4% annually since my salary requirements would be reduced drastically. Thanks.RIF
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