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Mar 14, 2019
9:40
:07
am
UNLVcougar
All-American
Does this poll assume the federal government doesn’t illegally confiscate
retirement accounts by then?
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UNLVcougar
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UNLVcougar
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Oct 3, 2001
Last login
Jun 6, 2023
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Messages
Author
Time
POLL: How much do you plan to withdraw from your 401k every year when you retire?
ballen
3/14/19 9:16am
Relevant link
molodyets
3/14/19 9:21am
<< Deleted >>
Buffalo
3/14/19 9:22am
No contrarian post yet, I'll go. Zero, because I'll roll my 401k into an IRA so that I can have better fund options and
Pimpin4Paradise
3/14/19 9:25am
How is that taxed? When you roll it over?
ballen
3/14/19 9:27am
Roll to a traditional it's not, to a Roth you pay on whatever you rolled
molodyets
3/14/19 9:30am
<< Deleted >>
Buffalo
3/14/19 9:27am
Seems silly to think I could have such a detailed plan for 30-35 years from now
Odysseus
3/14/19 9:28am
board name checks out
stoils
3/14/19 9:30am
Yep everyone’s attitude on this can be so diffetent
cougfanz
3/14/19 9:34am
Sure, I have a spreadsheet that helps me sleep at night with toggles for salary
Odysseus
3/14/19 9:43am
<< Deleted >>
Buffalo
3/14/19 10:03am
Got it. Well you’re more analytical than me so I take back my comment
cougfanz
3/14/19 10:14am
<< Deleted >>
Buffalo
3/14/19 9:38am
"8% is safe because all mutual funds make 12%!!!" - Dave Ramsey
molodyets
3/14/19 9:33am
Does this poll assume the federal government doesn’t illegally confiscate
UNLVcougar
3/14/19 9:40am
<< Deleted >>
Buffalo
3/14/19 9:41am
Yeah...funny how that works.
UNLVcougar
3/14/19 1:47pm
I do worry that they tax rate will be so high by the time I retire that it will
ballen
3/14/19 11:37am
I draw a portion of the dividend. Never touch the principle.
Sooner Cougar
3/14/19 10:13am
What happens if there's a downturn and your principal gets cut in half?
molodyets
3/14/19 10:18am
Dividends are paid based on the number of shares, not the value of the stock.
Sooner Cougar
3/14/19 10:22am
if the value tanks that much (a la 2008) your dividend is going to tank with it.
molodyets
3/14/19 10:26am
Not so. Not even one penny. Dividend paid on number of shares, not value.
Sooner Cougar
3/14/19 10:28am
Until the economy tanks and the dividend per share gets cut by the company
stoils
3/14/19 10:27am
That is the risk. Invest in strong dividend companies. They don't cut.
Sooner Cougar
3/14/19 10:29am
Like GE?
kos
3/14/19 11:17am
Nope. Like OKE.
Sooner Cougar
3/14/19 3:40pm
Ah ok got it. So can you just let the rest of us know, of the companies that
kos
3/14/19 8:54pm
Can't you just live off the interest?
Ssebo
3/14/19 11:55am
Sure.
SuperTank
3/14/19 12:05pm
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