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Reply to "What is your net worth if you are 55 years of age"
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[quote=Anonymous][quote=Anonymous]What is the appropriate tax discount for IRA / 401k equity? I realize the tax liability will vary depending on other income, but is there a rule of thumb to think about those amounts?[/quote] Typically there isn't much "other income" beyond social security and pensions since most folks who tap their IRAs and 401k are retired. So the "discount" is basically what you'd be paying in taxes on the amount you take out each year at the same rate you'd be paying if you got the same amount in a job. You just need to be smart about how you withdraw it ans when. [/quote]
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