On April 24, 2021, From A. S., DDS
Thank you so much for spending the time with me. It was a real pleasure.
Our answer
The table below is an approximate rule of thumb description of how much investors need to save by what age. The amounts include government contribution to investors’ figures.
By age |
Amount |
30 |
Equivalent of annual income |
40 |
Three times annual income |
50 |
Six times annual income |
60 |
Eight times annual income |
65 |
Ten times annual income |
In retirement, investors can safely withdraw 4% from their portfolios if someone else is managing them or 5% if they are do-it-yourself investors.
Can writing (selling) puts and calls lower those numbers?
Contact me if you want to discuss this subject further. (milan@drmilan.com)
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