Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (54) | Ignore Thread Prev | Next
Author: brewer12345 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5069  
Subject: Re: 8 years till ER Date: 10/11/2004 2:55 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 16
Wow, what a marketing snowjob! I expect better from TMFers, although I guess I don't really know why any more.

Instead of shelling out for TMF "seminars" and advisor services, try going to www.retireearlyhomepage.com Check out the safe withdrawal studies and maybe download one of the spreadsheets. You could also mosey over to www.early-retirement.org and play with the firecalc withdrawal tool to see what you can reasonably take out of your portfolio.

One statement that the TMFer made is pretty egregiously wrong/misleading: "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."

This is highly unlikey. A much more reasonable estimate could be gotten by filling out a dummy tax return with what you believe to be about the right numbers. I would be shocked if you even came close to a $31,000 tax bill.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (54) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

My Big Fat Greek Splat
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement