alexander_jackson_athlete
Wed Sep 11 2024
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6 answers
1318
What is the 6% rule for retirement?
Could you elaborate on the 6% rule for retirement? Is it a commonly accepted guideline for withdrawing funds from a retirement portfolio? How does it work in practice? Are there any potential drawbacks or considerations to keep in mind when implementing this rule? Additionally, are there any alternative strategies that retirees may want to consider for managing their retirement savings?
Martino
Thu Sep 05 2024
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6 answers
1357
What is the 25x rule for retirement?
Could you please explain what the 25x rule for retirement entails? I'm curious to understand how this principle is applied and how it can help individuals plan for their retirement. Does it involve multiplying a certain factor by 25 to determine a target savings amount? If so, what is the basis for this multiplier, and how does it factor into retirement planning? Additionally, are there any assumptions or limitations to this rule that investors should be aware of?
mia_harrison_painter
Thu Sep 05 2024
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5 answers
747
Should you leave money in 401k after retirement?
Could you please elaborate on the advantages and disadvantages of leaving money in a 401k plan after retirement? Are there any tax implications or penalties that retirees should be aware of if they decide to keep their funds invested in their 401k? Additionally, how does this decision compare to rolling over the funds into an IRA or another retirement account? Are there any specific scenarios where it would be more beneficial to keep the money in a 401k post-retirement? Thank you for your insights.
CryptoChieftain
Thu Sep 05 2024
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5 answers
873
How much should I have in my 401k at 55?
Hello there, I'm curious about retirement planning and have a question for you. As someone who is approaching 55 years old, how much should I ideally have saved in my 401k account by this age? Is there a general rule of thumb or a specific benchmark that financial experts recommend aiming for? Additionally, are there any factors that I should consider when determining the ideal amount, such as my current income, lifestyle expenses, or expected retirement timeline? Thank you for your insight.
GyeongjuGrace
Thu Sep 05 2024
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7 answers
1866
Is $3,000,000 enough to retire at 65?
The question of whether $3,000,000 is sufficient to retire at the age of 65 is a valid concern for many individuals approaching their golden years. With the ever-fluctuating state of the economy and the rising cost of living, it's crucial to evaluate the feasibility of such a plan. Are there factors such as inflation, healthcare expenses, and potential changes in lifestyle that could impact the longevity of this nest egg? Additionally, what about taxes and investment returns - do they play a significant role in determining whether $3,000,000 is truly enough for a comfortable retirement? Let's delve deeper and explore the intricacies of this financial puzzle.
