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Old 06-13-2019, 11:58 AM
 
700 posts, read 538,542 times
Reputation: 544

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Quote:
Originally Posted by ysr_racer View Post
What does that mean? Draw rate?

At 62 I get $1,700, at 66.8 I get $2,357, at 70 I get $2,986.

When's my break even point?
There are calculators online that will calculate that for you.

Here's more info with good examples:

https://www.investopedia.com/ask/ans...akeven-age.asp

Last edited by olderandwiser456; 06-13-2019 at 12:13 PM..
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Old 06-13-2019, 12:41 PM
 
Location: equator
3,410 posts, read 1,523,023 times
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Quote:
Originally Posted by mathjak107 View Post
Give us an example
The minute percentage of those of us who had physical jobs we aged out of. A raririty here I know in corporate ville. Posted from a Greek isle having retired at 62 with SS. There are a few of us.
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Old 06-13-2019, 12:42 PM
 
71,463 posts, read 71,652,652 times
Reputation: 49027
Quote:
Originally Posted by olderandwiser456 View Post
There are calculators online that will calculate that for you.

Here's more info with good examples:

https://www.investopedia.com/ask/ans...akeven-age.asp
There are way to many other parameters involved then what they look at so like most simple calculators it is pretty useless
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Old 06-13-2019, 01:24 PM
 
Location: SoCal
13,191 posts, read 6,301,958 times
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Quote:
Originally Posted by mathjak107 View Post
all that will happen is the rmd's will get worse ... they do that with qlacs where they extended out the date where you have to take rmd's .. once you hit the date you go on an accelerated rmd schedule
We will have to wait and see. They might keep the same RMD schedule. It will help some for sure.
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Old 06-13-2019, 01:27 PM
 
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They really can’t , as rmds are scheduled the way they are to exhaust the account ..that is why they went to an accelerated schedule with qlacs
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Old 06-13-2019, 01:27 PM
 
Location: SoCal
13,191 posts, read 6,301,958 times
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Quote:
Originally Posted by Sand&Salt View Post
The minute percentage of those of us who had physical jobs we aged out of. A raririty here I know in corporate ville. Posted from a Greek isle having retired at 62 with SS. There are a few of us.
How’s the weather there in mid June? We will be there next year, not sure If June is too hot.
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Old 06-13-2019, 03:53 PM
 
Location: annandale, va & slidell, la
7,314 posts, read 3,032,957 times
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Don't want to pay taxes on it while my wife continues to work.
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Old 06-13-2019, 03:55 PM
 
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Taxes are one of those parameters these simple calculators fail to look at as the ss gets combined with other resources
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Old 06-13-2019, 06:01 PM
 
2,066 posts, read 699,344 times
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Quote:
Originally Posted by mathjak107 View Post
Taxes are one of those parameters these simple calculators fail to look at as the ss gets combined with other resources
I agree. I'm getting a nice bump at age 70 when I go from Survivor Benefits to my own record but I'm figuring most of it will go to pay taxes on RMDs. That may change now, too, of course, but regardless of whether the RMD age changes or the % withdrawal requirement changes, I know I'm gonna owe more taxes. In the happy event that I actually have money left over I'll figure out what to do with it then.
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Old 06-13-2019, 07:16 PM
 
1,915 posts, read 4,603,555 times
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Quote:
Originally Posted by Sand&Salt View Post
The minute percentage of those of us who had physical jobs we aged out of. A raririty here I know in corporate ville. Posted from a Greek isle having retired at 62 with SS. There are a few of us.
Sounds very nice. Did you have a spouse that was an EU citizen? Or some connection yourself? How long did it take to get a long-stay resident visa for Greece?

I have a friend who decided to retire to Portugal, but he was married to a woman from Brazil who spoke Portuguese, making for an easier transition.

Last edited by xz2y; 06-13-2019 at 07:50 PM..
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