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[quote=Anonymous][quote=Anonymous]I am 50. My retirement plan is to work to 65, and retire with 3x my current 401K balance, or about 2 mil. We will move to a lower cost of living area, and get a new house with the equity in our house (another 500K by then in today's dollars). That plus soc. sec. should be enough. 2 million will give me about 7000/mo, and soc sec should be another 2K per month. [/quote] Will you purchase an annuity with that $2M to get $7K monthly or will you use withdrawal method (of 4% or so)?[/quote]
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