• Fermion
    link
    fedilink
    English
    arrow-up
    13
    ·
    4 maanden geleden

    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.

    • RememberTheApollo_@lemmy.world
      link
      fedilink
      English
      arrow-up
      4
      ·
      4 maanden geleden

      Thanks. I probably mashed a wrong button somewhere. 11k+ is definitely better, but still poverty added to his SS benefit.