Carl Sullivan on Muck Rack

Carl Sullivan

Verified
New York
As seen in: Flipboard, Medium, MSN, MSN India, USA Today, Aol, Yahoo Finance, The Tennessean, 24/7 Wall Street, The Commercial Appeal
North America Managing Editor @Flipboard. Formerly @MicrosoftNews @MSNNews @Newsweek @EditorPublisher. Follow me on Mastodon @csullivan.
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Articles

63-year-old with $2.2M discovers pension buyout decision could cost his widow $310,000

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By Carl Sullivan Verified
| MSN Verified
Quick Read If you're lucky enough to have a pension, be careful with your payout choices. Pension elections are irreversible. Under many plans, Option A pays the highest monthly income for the pension holder's life only. Option B pays less monthly but continues to the spouse if the pension holder dies first. Option C offers a lump sum to roll into an IRA. Why This Decision Matters Women outlive men by several years on average.
Open in Who Shared View Duplicates (5) Issue with article?

A $2.5 million nest egg at 62 only buys $46,000 of real spending

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By Carl Sullivan Verified
| MSN Verified
Quick Read A married couple, both 62, sits on $2.5 million spread across $1.6 million in traditional IRAs, $500,000 in Roth, and $400,000 in a taxable brokerage. They want to retire now, three years before Medicare and five years before full Social Security . Using a 3.8% gross withdrawal rate, they plan to pull $95,000 from the portfolio in year one. On paper, that looks like a comfortable middle-class income. In practice, it funds roughly $3,800 a month of actual spending.
Open in Who Shared Issue with article?

A $2.5 Million Nest Egg at 62 Only Buys $46,000 of Real Spending Original

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By Carl Sullivan, Carl Sullivan Verified
| 24/7 Wall Street Verified
A married couple, both 62, sits on $2.5 million spread across $1.6 million in traditional IRAs, $500,000 in Roth, and $400,000 in a taxable brokerage. They want to retire now, three years before Medicare and five years before full Social Security. Using a 3.8% gross withdrawal rate, they plan to pull $95,000 from the portfolio in year one. On paper, that looks like a comfortable middle-class income. In practice, it funds roughly $3,800 a month of actual spending.
Open in Who Shared View Duplicates (3) Issue with article?
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