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by Hoch577
Wed Aug 12, 2020 6:55 pm
Forum: General questions and comments
Topic: Is tax rate included in withdrawal calculation?
Replies: 1
Views: 203

Is tax rate included in withdrawal calculation?

The program is telling me that my withdrawal to spend $144,00 is $12,000/month.
If my tax rate is 30%, then in order to spend $12,000/month I have to withdraw $17,142/month to account for taxes.
What am I missing?

Thanks for the help