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fintstone fintstone is offline
Join Date: Oct 2000
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Another consideration is if you don't start to spend 401K early is that if that you must start at 70.5 and then draw it out fast (schedule to correspond withe expected lifespan). If you have fully funded it for a lifetime of work (and kept it is an S&P index) may have about $1.5M at 70. You would probably have to draw out about $8-10K a month to even come close to spending it. It seems that unless your other assets are gone and you have created debt, a tired old dude would struggle to spend it...unless you are trying to fund your kids retirements.
74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo
"The problem with socialism is that you eventually run out of other people's money"
Some are born free. Some have freedom thrust upon them. Others simply surrender
Old 02-20-2018, 02:28 PM
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