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The general consensus is that 4% of the total in an IRA is the ideal figure. Over the years, the S&P has grown at a rate of around 10%, so that should give an idea of why this is a good figure, at least most years.
My house is paid for, and I have no outstanding debts. Taxes in my neighborhood are about $800 per yr. I could get by on what SS pays me, so the GMD plus SS is adequate for my needs. My parents were married in 1931, and I acquired from them a number of habits that enable me to live economically. Never buy a new car or appliance, clip those coupons, go to yard sales and buy everything you can on sale. I keep hearing about how CDas' and bonds pay inadequate interest, but the bond funds I have do fine. OSTIX paid 5,8%,TIHRX did better than that, and stock funds did MUCH better. You just have to get good information and swap the losers from the winners every so often.
Not lately!!! 3% return in the past decade (on chart). I don't have figures for to-date. I'm in the group that believes it won't do better than that going forward as I believe the economy will never recover. S%P has 'averaged' 11%, over a 60 years period, but as we all know, the economic situation of the U.S. is dramatically different from decades ago.
Posted by retiredtraveler
Every year is unique. I suggest subsctibing to a good newsletter and following its advice. NLoadFundx is the one I use. Check Hulbert Financial Digest for more.