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Planning for retirement (sh.itjust.works)

submitted 1 year ago by thal3s@sh.itjust.works to c/memes@lemmy.world

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(TikTok screenshot)

I did some financial planning and it looks like I can retire at 97 and live comfortably for eleven minutes.

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[–] LMurch@thelemmy.club 36 points 1 year ago (1 child)

I can probably retire at 65, as long as I pass away at 63.

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[–] ivanafterall@lemmy.world 8 points 1 year ago

There's a pretty hefty tax penalty for dying before 65 on those plans. It becomes taxable as income at twice the rate.

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