The Money Mustache Community
Around the Internet => Antimustachian Wall of Shame and Comedy => Topic started by: The Guru on September 12, 2018, 06:09:14 PM
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...when you're talking about these tips to "push your retirement savings strategy into overdrive."
https://smartasset.com/retirement/3-quick-retirement-tips?utm_source=msn&utm_medium=cpc&utm_campaign=msn__falc_sept_0912&utm_content=3quicktips
1. Getting a high-interest savings account isn't a bad idea in itself, though it isn't going to fund anyone's retirement by itself either- especially if one uses the money saved to...
2. Hire a professional advisor- at a cost of 1.xx%, or coincidentally, about what one saves by doing #1
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Don't know about #3 either - default is showing "save 1.024 million to $106,350 in retirement income" Surely they aren't advocating a >10% withdrawal rate?
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That calculator is insane. It was spitting out 96,000 on 900,000 of savings. I'm all for playing around with the 4% rule, but I was thinking more like trying some modeling at 4.3%...
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That calculator is insane. It was spitting out 96,000 on 900,000 of savings. I'm all for playing around with the 4% rule, but I was thinking more like trying some modeling at 4.3%...
It maxes out at 40% savings too.
"Monthly savings amount should be at most 40% of your monthly income. We have updated your savings amount to 40%."
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That calculator is insane. It was spitting out 96,000 on 900,000 of savings. I'm all for playing around with the 4% rule, but I was thinking more like trying some modeling at 4.3%...
Is it including social security at full SS age too though? If it's using like 70 as a retirement age it kind of seems reasonable, based on life expectancy you would only have to plan for like 15 years max.
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That calculator is insane. It was spitting out 96,000 on 900,000 of savings. I'm all for playing around with the 4% rule, but I was thinking more like trying some modeling at 4.3%...
It maxes out at 40% savings too.
"Monthly savings amount should be at most 40% of your monthly income. We have updated your savings amount to 40%."
... What
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That calculator is insane. It was spitting out 96,000 on 900,000 of savings. I'm all for playing around with the 4% rule, but I was thinking more like trying some modeling at 4.3%...
It maxes out at 40% savings too.
"Monthly savings amount should be at most 40% of your monthly income. We have updated your savings amount to 40%."
... What
Don't wanna save too much. Gotta live a little!! Haha.