Plan 6: Median Mike

Let's make a plan for the median household in the United States. I've presented a few retirement plans for high income earners.  And though the simple math between income, expense, and savings rate holds true at all income levels, it's much easier to meet your basic needs on six figures than on five. So with apologies …

Case 2: Mark

Background I was listening to the Dave Ramsey Podcast yesterday, and Mark (Age 56) from San Antonio called in.  You can hear the exchange using the above link and starting at 38:06.  Mark asks about how much money he can safely take from his nest egg in retirement, citing advice he's received from 4% withdrawal …