In all fairness, it appears that the amount is $84K total, not per year. $84K is not much of a retirement and would only yield about $280/month following the 4% rule. It’s still a wildly disproportionate punishment and likely represents a significant portion of this man’s retirement.
In all fairness, it appears that the amount is $84K total, not per year. $84K is not much of a retirement and would only yield about $280/month following the 4% rule. It’s still a wildly disproportionate punishment and likely represents a significant portion of this man’s retirement.