Jun 22, 2021
12:16:47pm
12:16:47pm
Huh? In order to generate $96k a year and live off that for the rest of your
life, you either need to grow the principal over time or invest in fixed income, or most likely a combo of both. Either way you are going to generate some decent taxes. If you are only in stocks and Biden is successful in raising cap gains taxes, you will get dinged there when you sell your stocks. If you are assuming no growth, using $100k a year would only last you until 65. You have to grow the principal.
If you are in fixed income, you will be taxed on the distributions / coupons as ordinary income.
If you are in fixed income, you will be taxed on the distributions / coupons as ordinary income.
- Bio page
- Mr. Rumsfield
- Joined
- Sep 13, 2020
- Last login
- May 2, 2024
- Total posts
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6/22/21 11:11am
6/22/21 11:16am
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6/22/21 11:59am
6/22/21 11:25am
What will $96K be in 30 years? Most likely it will be equivalent to $50K or a little less in today's dollars
6/23/21 10:39am
6/23/21 11:26am
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6/22/21 11:16am
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6/22/21 4:53pm
6/22/21 4:59pm