How to Calculate Exactly How Much You Need for Retirement

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Information How to Calculate Exactly How Much You Need for Retirement

Title	:	How to Calculate Exactly How Much You Need for Retirement
Lasting	:	7.20
Date of publication	:
Views	:	5,2 rb

Hi, Super important to point out explicitly that your "spend" has to include the Federal and State income/Capital Gains taxes you will owe So you really can't be spending the $6,000/mo in your example You need to compute your tax rate and divide your desired budget by 1 minus this tax percentage So if you really want to spend $72,000/year, you need to take out of your investments $90,000, assuming a 20 effective tax rate Multiply $90,000 by 25-33x to get your FI number
Comment from : Greg Garner

I’m never sure how to participate in this conversation since I will use pension money instead of a traditional retirement portfolio
Comment from : Yash C

Great content and I thank you for breaking it down!! Even in the current crypto dip, I’m happy I can smile back at my portfolio of $86,700 made from my weekly trade within a short period with WONGHUATRADE
Comment from : Nelson King Owen

Katie, I found you through a vid of you having Chris Pederson (Paul Merriman) on your show for a discussion I've been following Paul and Chris' for sometime now I was very impressed with your show and have watched a number of your segments now and appreciate your approach and like the content I've been retired for 12+ years and just turned 74 so am not your typical listener As a life long learner, I found your content very informative and educational for me to better understand the issues and thoughts toward the subject that people of your age and younger are dealing with I appreciate very much what you have to offer as it helps me understand your views and thoughts better, which better equip me to understand and relate to my kids and grandkids and be able to help them more in this area with that additional understanding overlay on top of my knowledge and experience I've subscribed and look forward hearing more from you Have a good week Katie
Comment from : L D

Awww kitty
Comment from : Tom Nook

Love your baby looking at you adoringly while you work
Comment from : Amy Bielawski

🙏
Comment from : Alexander Taylor

Want to know something really scary? 50 of all US citizens have less than 500$ right now in their savings accounts 18 have literally nothing at allbrbrInteresting to see what these numbers look like in 25 years TBH even with all the math and personal financial advice in the world, it feels like any reasonably comfortable retirement is going to become a pipe dream for the vast majority of working people Also healthcare If you're in the US and get cancer, that could easily totally destroy your entire retirement savings no?
Comment from : Rusty Colon

Just found out that you have a YouTube channel I'm a big fan of your podcast ❤
Comment from : Janayn Melis

Hi! Big fan, just wanted to suggest longer videos I think it would be more fun to listen to
Comment from : Hi-Res Life Podcast by Madison N Fujii

You should read Die with Zero by Bill Perkins and do topic on that Love to hear your thoughts
Comment from : timmay04

Great overview of FI / Timeline 👍brStill trying to figure out the relationship with your content and Morning Brew 😅
Comment from : Katherine Kuehn-Bao