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Strategies & Market Trends : Dividend investing for retirement
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To: JimisJim who wrote (31095)4/12/2019 10:02:39 AM
From: Steve Felix2 Recommendations

Recommended By
Graustus
JimisJim

   of 34328
 
That darn hindsight! <gg> On the other hand, who would tell someone today that they can take 7% of their
money out each year and not run out of money? Really no different than what I was looking at then.

I am always amazed at how clueless people can be. My sister was excited to find they were getting back
$2800 in taxes until I explained that it was at the cost of their retirement accounts since that is the only place
they pay taxes. It's complicated because for 3/4 of the year they were only collecting half the rent on their
house in Missouri, but I cut each of their taxes on withdrawals $50, bringing their annual withdrawals to
$14,460.
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