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Subject: A plan to consider!! | Date: 7/28/1998 9:44 PM | |
Author: middlearth | Number: 4722 of 96381 | |
I'd like some feedback on this tentative plan: -Retiring at around 52 years of age. -Getting about 65% of pay. Annuitizing 401K and 457 plans with equal monthly payments over my life time. The combination should give me equivelant to about 100% pre-retirement pay. -From a well diversified portfolio of quality stocks, each year cash in 10% of the amount by which each has appreciated (leaving the laggards alone)and supplementing income to combat inflation- meanwhile reinvesting all dividends. -At a leisurely time start drawing on Roth IRAs as further supplement of income. -At age 62 begin receiving SS (if it's still there). This should theoratically leave the portfolio of stocks in tact permenantly. OK- anything wrong with this picture? Thanks for any feedback. Eddie |
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