Jun 22, 2021
11:48:48am
11:48:48am
You do not have to take huge risk to get 4%.
that and your scenario is isolated to never touching the principle amount (which I still think is totally possible but not at all required for retirement).
Many have shared here that their 401k is up 20%+ this year. Even with down years coming you have 5 years of income now to wait it out. 4% average is very very doable. If you are paying any significant fees to get to 4% you need to fire your financial advisor. That would be insane. Also Long term capital gains for someone grossing 96k would only be 15%. All you have to do is take a withdrawal every 366 days or longer. Simple.
Many have shared here that their 401k is up 20%+ this year. Even with down years coming you have 5 years of income now to wait it out. 4% average is very very doable. If you are paying any significant fees to get to 4% you need to fire your financial advisor. That would be insane. Also Long term capital gains for someone grossing 96k would only be 15%. All you have to do is take a withdrawal every 366 days or longer. Simple.
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- rad dawg
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What will $96K be in 30 years? Most likely it will be equivalent to $50K or a little less in today's dollars
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