Word: withdrawal
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...nice if 401(k)s could produce a guaranteed check as pensions do. But most 401(k)s don't generate enough income, and Lucantonio's is no different. He retired from Occidental with $350,000 in his 401(k). That's a hefty sum, but he can withdraw just 4% of it annually, or about $1,200 a month, to limit the chances of outliving his money. That's 60% less than what the traditional pension would have paid...
...Trying to boost returns by adding stocks can make matters worse. Even if you withdraw a mere 4% a year from your 401(k) and have an ultraconservative portfolio of 80% bonds and 20% stocks, you still have a chance of outliving your retirement account. Swap the bonds for stocks, and the chance of outliving your money actually rises. In reality, most of us don't have nearly enough in our 401(k) to live off just 4%. At a 6% withdrawal rate, hypothetical retirees in more than a third of the Monte Carlo simulations crapped...
Eventually, the kids do the right thing, and both teams withdraw from the intraclub competition and confess to their drug usage. Unfortunately, poor Howard, Terri’s stooge and supplier, gets arrested on crystal meth suspicions, and Principal Figgins loses faith in Will and Terri, firing Terri and assigning Sue as glee's new co-chair. Delicious...
...Elevens in this city of 7 million - almost as many as in the whole state of California. (Circle K has a third of that number.) An estimated 85% of Hongkongers visit a 7-Eleven every month, according to the company, where they can do everything from withdraw money and replenish their subway passes to pay their electricity bill and send money overseas. (See pictures of Hong Kong...
...Administrative Board of GSAS recommended against Gu returning to continue her studies, and Gu was required to withdraw, she said...