4 ms·
3% rule -> $24k per year. Pretty reasonable, I'd say.
by bryanbuckley 7y ago
3% rule -> $24k per year. Pretty reasonable, I'd say.
- temp99990 7y agoYou’re forgetting taxes. Some will be tax free but not all if it’s a 401k or traditional IRA
- mgkimsal 7y agomentioned before but i looked this up. at least for the time being, qualified dividends are taxed as long term capital gains. if your AGI is under $39k (or $78k married couple?), there's 0% tax on long term capital gains (gains from equities sales or qualified dividends). At least at a federal level, there likely wouldn't be any tax due on that $24k pull.