Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Blue_true

(31,261 posts)
39. Again, it depends upon what a person has in retirement funds.
Thu May 14, 2020, 12:22 AM
May 2020

For the average American that hav less than $200,000 (many less than $100,000), 4% works out to $8,000 per year max, without any other money stream, that leaves a person in deep deep poverty, even in my area of Florida. But if a person has a nest egg of $1 million, 4% is $40,000, an income that is just below the median family income for my area (incomes range from nothing here to several million per year, very few people earn above $40,000 per year though).

ALL down: elleng May 2020 #1
trump is still president spanone May 2020 #2
Maybe some company that makes yachts had to close for Covid? Takket May 2020 #3
Who knows? CountAllVotes May 2020 #4
It's bad, but if you're in the market, you should know not to watch daily ups and downs Bucky May 2020 #5
This chart gives a sense of what personal longterm investments should look like Bucky May 2020 #10
Thanks for the graph. Here's S&P 500 from 1928 on a logarithmic scale for a different kind of view progree May 2020 #17
How many people have 27 years to get their nose back to the waterline? Blue_true May 2020 #23
That's part of what's making me nervous about this market. Bucky May 2020 #26
If you are in your fifties maybe you should go to the sidelines. Blue_true May 2020 #27
I kind of did that already... Bucky May 2020 #28
Actually with reinvested dividends it took S&P 500 16 years to recover from Great Depression progree May 2020 #31
You make sound points. The main issue is how quickly a person will need retirement money and how Blue_true May 2020 #35
Actually, I had in mind the people who need their retirement money, not well-off people progree May 2020 #38
Again, it depends upon what a person has in retirement funds. Blue_true May 2020 #39
If a person needs much more than 4%/year withdrawal, all simulations show they are screwed (will progree May 2020 #40
That's one reason I don't like logarithmic scales for graphs Bucky May 2020 #25
I struggle a lot with which view is the more distorted one - linear or logarithmic progree May 2020 #32
It's the logarithmic scale that allows dips, or growth, to look the same whatever the date muriel_volestrangler May 2020 #33
I think the peak to trough drop in the Dow index was 89%, meaning $100 became $11, or progree May 2020 #34
Mmm, maybe the printers broke at the FED? Rstrstx May 2020 #6
Market was holding its own, until about 1p - when it collapsed 1.89%, empedocles May 2020 #7
U.S. Stocks Slump After Fauci, Fed Set Somber Tone: Markets Wrap Jim__ May 2020 #8
I did wonder about that malaise May 2020 #11
tRUMP will blame bluestarone May 2020 #9
***FAUCI !!! *** I've been saying for nearly 3 weeks Trump and ManureChin have been lying about uponit7771 May 2020 #12
THIS malaise May 2020 #13
I think the extended LA county stay-at-home order was a market mover as well Shermann May 2020 #14
True malaise May 2020 #15
June WTI futures contracts end Thursday MoonlitKnight May 2020 #16
The market is worried JmAln May 2020 #18
Interesting - at noon −497.38 malaise May 2020 #36
Fauci pretty much confirmed we're not re-opening anytime soon. tinrobot May 2020 #19
It might be more about several of the early reopening states ticking up in cases? herding cats May 2020 #29
The market will remain volatile until the COVID numbers drop or a promising drug or vaccine drops Algernon Moncrieff May 2020 #20
That's not what the Con and his goons are saying malaise May 2020 #37
Today was a minor move given the times we are in. Steelrolled May 2020 #21
Fleecing the unsuspecting again. Blue_true May 2020 #22
Stocks are way way way way overvalued Johnny2X2X May 2020 #24
Dumbasses gotta dumbass. Hugin May 2020 #30
Latest Discussions»General Discussion»So what happened with the...»Reply #39