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
Search found 1 match
- Wed Aug 12, 2020 6:55 pm
- Forum: General questions and comments
- Topic: Is tax rate included in withdrawal calculation?
- Replies: 1
- Views: 7732