8/7/2023 0 Comments Magic calculator for stocks![]() ![]() See our blog How much money do you need when you retire? for a deeper dive. In reality, determining income requirements is quite challenging and requires some work. On top of expecting to pay less in taxes, their needs should theoretically be more moderate as they, for example, no longer need to commute to work or buy work clothes. The assumption that goes with this percentage is that retirees will have lower taxable income and more opportunity to income-split in retirement.
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