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Non-Cattle Specific Topics
Coffee Shop
How much do retired people spend per year
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<blockquote data-quote="Caustic Burno" data-source="post: 1725358" data-attributes="member: 694"><p>Actually it gets down to taxes then . Don't draw 5% if less is enough. You can always draw more if needed and pay the tax. The more you draw also effects the percentage of SS that is taxable and can change your Medicare payment substantially. Neighbor drew out a large chunk to buy a piece of property, he is over 66 so he can make as much as he wants. His Medicare payment went to 800 bucks a month until the next year.</p></blockquote><p></p>
[QUOTE="Caustic Burno, post: 1725358, member: 694"] Actually it gets down to taxes then . Don’t draw 5% if less is enough. You can always draw more if needed and pay the tax. The more you draw also effects the percentage of SS that is taxable and can change your Medicare payment substantially. Neighbor drew out a large chunk to buy a piece of property, he is over 66 so he can make as much as he wants. His Medicare payment went to 800 bucks a month until the next year. [/QUOTE]
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How much do retired people spend per year
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