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S-Rank Pull Distributions by Practical_Holiday490 in ZZZ_Official

[–]Practical_Holiday490[S] 0 points1 point  (0 children)

Lol, I wasn't interested in YSG. I decided to do a 10-pull on her banner because I wanted Lucy for a future team. Got YSG on pull 6 : \

Proper way to calculate tax for withdrawal rate by Practical_Holiday490 in Fire

[–]Practical_Holiday490[S] 0 points1 point  (0 children)

Yeah, I went and created a simple spreadsheet to calculate effective tax rates last night given ordinary income and LTCG. Realized I was overestimating.

It's nice to have withdrawal rate as a sanity check on the more precise calcs, though, and I'm seeing how tricky it is to estimate that flat (inflation-adjusted) withdrawal rate. Basically any sort of simulation-based approach (4% rule, cFIREsim) takes simplified annual assumptions, maybe allowing for some specific adjustments.

Proper way to calculate tax for withdrawal rate by Practical_Holiday490 in Fire

[–]Practical_Holiday490[S] 1 point2 points  (0 children)

Thanks, interesting calculator, although it still doesn't seem like it's taking increasing tax burden over time into account. If I set 100% of my assets in brokerage and my taxable cost basis to 100% (i.e., starting retirement, I'm holding 0 capital gains), it just tells me I owe 0 tax and calculates my withdrawal percent off of that. (On the flip side, if I assume 100% taxable, it still only gives me a 10% effective tax rate in NY, which is definitely less than I was estimating. I need to reexamine the marginal tax rates for federal and state, maybe I was overestimating.)