If I Had a Million Dollars | One million seems like a massive sum of money, but when it comes to retirement, we know those who have that amount aren’t traditionally rich, per se. The purchasing power of $1 million, given a 4% drawdown rate over 25 years, provides an annual “income” or “salary” of $40,000.
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Read more > | | Market Mirror | Monday, the Dow was up 11.06 points (0.04%) at 26,554.39, the NASDAQ increased 15.46 points (0.19%) to 8,161.85, and the S&P 500 closed 3.15 points (0.11%) higher at 2,943.03. The Russell 2000 gained 6.54 points (0.41%) to finish at 1,598.36, and the Wilshire 5000 climbed 44.44 points (0.15%) to 30,415.56.
The price of the 10-year Treasury note was down 7/32, increasing its yield to 2.526%. The price of the 30-year Treasury bond decreased 22/32, bringing its yield up to 2.958%.
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