Missed Fortune Super Blog

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Missed Fortune – A Hard & Shocking Lesson in Taxes

Posted on | May 6, 2010

Suppose you’ve retired and started withdrawing from your 401(k). You need $75,000 per year to live.

If you withdraw $75,000, you’ll only be able to spend $50,000 if you’re in a 33 percent tax bracket.

But what if you really need the full $75,000? How much more would you need to withdraw from your account?

Watch this video to find out the shocking answer:

*If you’re reading this in an RSS reader or email, you may need to click the title of the post to watch the video on the website.

Related Articles:

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

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