I am running some scenarious as usual to stay on track, but have an easy question. When I run Firecalc and hear about people using a 4% withdrawl rate, are they saying take out 4% a year and that is taxed? Or are they assuming a tax rate depending on the amount it is?
Ex) 4% withdrawl on $1,000,000 is $$40K/year
If that is taxed at 15% that leaves me $34K a year to live on?
- Shabber
Ex) 4% withdrawl on $1,000,000 is $$40K/year
If that is taxed at 15% that leaves me $34K a year to live on?
- Shabber