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Subject:  Re: Calculating Retirement Funds Date:  8/6/2016  3:45 PM
Author:  vkg Number:  1727 of 1929

Now assuming about 4,500 a month after income tax (with having 25% with held from pension and Social security) is it safe for me to add that money to the retirement fund balance?

Mostly Yes

Withholding taxes is a good choice, but I would calculate the tax liability differently. Add the total amount to your pension and SS income, and then include taxes in your expenses. Your tax rate will vary with your income. In around 4 years, you will be forced to take distributions from your retirement accounts and you will have less control over your tax liability.
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