#withdrawal

Catching up to withdrawal

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Catching up to withdrawal Is there a way to calculate (assuming obviously the max yearly contribution of $23,500) how quickly one could replace a withdrawal amount of $33,500 and then also replace the normal 5% contribution with 5% match per pay (about $300 total per pay over 24 pays in a year) AND avg rate of return? I’m in a fairly rough patch with credit card debt I’d…

Reddit Personal Finance 493 2025-01-25

Received withdrawal payment of 401k.

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Received withdrawal payment of 401k. I used to work for a previous company who used Fidelity for its 401k plan. Last week, I received an email saying the funds were automatically withdrew and a check was in the mail to me. It seems that my account did not have enough funds to stay open, so they shut it. I received the check in the mail with a stub of information. Gross Amount: $8…

Reddit Personal Finance 774 2024-11-21

Retirement withdrawal question

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Retirement withdrawal question I have a question about how to calculate an appropriate withdrawal rate using multiple sources of retirement income. I am good at math and at Google, but haven’t found an appropriate strategy yet. I am 42, single, in a U.S. state with no income tax. I make $70k/year. I am not likely to increase my income much, but it will probably keep pace wit…

Reddit Personal Finance 232 2023-08-24