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this post was submitted on 03 Jun 2024
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Orphan Crushing Machine
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You might want to check your calculator again. $233k * .05 = 11.65k
I agree that this isnt anywhere close to lavish retirement money but if he withdraws $20k/ year plus takes his full social security payments, he can probably replace the cart pusher wages. So that's still retirement money, just a modest retirement.
Thanks. I probably mashed a wrong button somewhere. 11k+ is definitely better, but still poverty added to his SS benefit.