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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Apollo who wrote (40377)	3/13/2001 1:54:26 PM
From: LindyBill	Read Replies (1) of 54805

What would you advise the rest of us who haven't yet tried retirement on how to better determine the "magic number"? What I am figuring now is: What I need to live on, as a 5% return on what I have, as capital. I am going to work until I have that much again, then convert it to fixed income. If my health gives out before I reach that number, I will reduce my standard of living to meet the amount I have on hand at that time. I figure I can work another 10 years, (to 76) without a problem. So I have 10 years to get there. The downside of having your money in a tax free account is the enormous tax burden when you take it out, if you are taking out major money. California has a 9.9% top state tax rate. Tie that to the Fed of 39.9%, and you get killed out here. In the meantime, I am enjoying the work I do, enjoying living in Hollywood, and enjoying the hell out of dancing 6 nights a week!

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