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Financial Planning and Retirement Income Calculation
The speaker calculated the income that could be drawn at a 3.5% safe withdrawal rate based on the net worth. By comparing the income to current and expected spending, they determined that the lines would cross around 2029. They acknowledged the variability of this estimation based on spending conservatism and growth aggressiveness. They also discussed the impact of incomplete Social Security earnings on future drawdowns and used a tool to estimate their Social Security benefits.