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Old 04-19-2016, 05:48 PM
 
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Want to know how your income compares to others of your age, and race in your state or another state. Try the following:
How does your income compare?- The Washington Post

You will see that being in your 60's with family income of say 160K and above is more common in some states than others. Thus there are very different perceptions/perspectives as we discuss topics in this forum.

Last edited by TuborgP; 04-19-2016 at 06:01 PM..
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Old 04-19-2016, 05:49 PM
 
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Quote:
Originally Posted by Maple47 View Post
What is "trinity study type data" and "bob clyatts 95/5 method"? Would be nice to know.


bob clyatt's 95/5 is a simple variable withdrawal method that has never failed out to as long as 40 years .

all you do is each year on jan 1 take the balance of all the assets you are considering using for income generation from your portfolio .

you can take 4% of that balance year 1 .

every year going forward you do the same thing . you take 4% of your ending balance but if markets are down you take the higher of 4% or 5% less then you took the previous year .

that prevents big income hits if we are down a lot . inflation adjusting is built in .
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Old 04-20-2016, 04:00 AM
 
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the trinity study was updated in 2010 from the original study in 1996 so the link above is revised a bit from the origonal .

for one thing they found that while the balance left over at the end was highly dependent on equity allocations the income stream remained intact with as little 35% equity's as a floor and functioned best between 35-70% .
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