Author Topic: J.P. morgan to the rescue!  (Read 1552 times)

Exflyboy

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J.P. morgan to the rescue!
« on: March 04, 2014, 01:53:32 PM »
Thankfully JP Morgan has come up with a much better way to calculate your withdrawal rate because the 4% rule no longer applies.. So they say.

Check it out here.. http://blogs.marketwatch.com/encore/2014/03/04/rethinking-the-4-retirement-spending-rule/

The good news is if you are a 60 year old couple and have a GURANTEED income Ask the Detroit pensioners how well that works) of $50k, you can afford to withdraw over 5% of of your $500k nest egg.

Ok so thats $50k pus 5% of 500k equals $75,000 a year.

No I may be missing something but why on Earth would a retired couple need an income of $75,000 a year if they have no debt?..

Anyway if you feel like paying JPM money for their super retirement calculator be my guest... Personally I'll stick with the 4% rule plus adding some margin such as rental income, peer to peer lending etc and NOT pay JPM..:)

Frank

beltim

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Re: J.P. morgan to the rescue!
« Reply #1 on: March 04, 2014, 02:58:49 PM »
JP Morgan is interested in selling a service and that service is most definitely not aimed at low-income individuals.  75K would be about 60th percentile of family income in the United States.