Quote:
Originally Posted by TKGargiulo
Everyone's personal financial situation is different.
As someone who does retirement income planning and tax preparation my advice would be to work with a qualified professional to come up with your plan.
Tom
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Certainly valid advice. Far as a plan. I am convinced every time I construct a plan BIG BROTHER changes the rules of the game. Most recent, they have AGAIN changed the rules for RMD, required retirement fund withdrawals. The S&P average LOST 18.11% last year 2022. The CPI consumer price index hit 9.1% now about 8.5%. A PLAN?
I tossed many plans when we packed to move. I had one where I figured what I would need to retire. I did it in 1973-4. oops I did not figure taxes or inflation.
All you need to know is when you will die, what will kill you, rate of inflation, taxes and return on investments.
Mom used to say man plans and god laughs.