Many peopleโs definition of success:
- $1,500,000 house ๐
- $150,000 car ๐
- $150,000 boat ๐ณ๏ธ
- $10,000 ring ๐
- $2,000 suit๐คตโโ๏ธ
My definition of (financial) success:
- $1,000,000 401k ๐ฐ
- $250,000 Roth ๐ต
- $100,000 HSA ๐ฅ
- $0 car payment ๐
- $0 mortgage ๐ก
What are you working toward?
Can You Really Get a 6% Safe Withdrawal Rate in Retirement?
I'm excited to announce a FREE 1-hour webinar on April 24th, where I'll be discussing construction of the Descent portfolio, which has historically achieved a safe withdrawal rate (SWR) of over 6%.
Can You Really Get a 6% Safe Withdrawal Rate in Retirement?
I'm excited to announce a FREE 1-hour webinar on April 24th, where I'll be discussing construction of the Descent portfolio, which has historically achieved a safe withdrawal rate (SWR) of over 6%.
What about the 4% "rule" that everyone talks about? Can you really do BETTER?!
How much can we rely on past data to set our future withdrawal rates?
We'll be discussing these questions and more this Thursday at 2pm ET.
I started my social media journey while on sabbatical.
Now Iโm taking a sabbatical from social media.
Stepping back to focus on what truly mattersโjust as Iโve encouraged here for the past 2.5 years.
See you on the other side. ๐
The typical American has to earn $150 for every $100 in extra spending! ๐ฐ
Why?
They pay ~33% in taxes for every additional dollar they earn:
โข 22% federal tax
โข 7.65% payroll tax (SS + Medicare)
โข ~4% state tax (wide variation by state)
$150 x 33% = $50 in taxes
$150 - $50 = $100 to spend
@Invested_In_You Thatโs a big mistake for first-time home buyers: Underestimating the total cost of homeownership.
Itโs not as simple as replacing a rent payment with an equal-sized mortgage payment.
The typical American has to earn $150 for every $100 in extra spending! ๐ฐ
Why?
They pay ~33% in taxes for every additional dollar they earn:
โข 22% federal tax
โข 7.65% payroll tax (SS + Medicare)
โข ~4% state tax (wide variation by state)
$150 x 33% = $50 in taxes
$150 - $50 = $100 to spend