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If you are forced to take out more than $40,000 adjusted for time during your retirement, you are tempting fate and relying on luck to get you by. So, if you want at least $40,000 per year, $1 million is really the least amount of money, the bare minimum, you should have before you launch into retirement.
The representative asks the applicant questions about his income. Supplemental security income recipients need to meet specific income requirements to qualify. In 2011, qualifying recipients could earn a maximum of $1,433 or receive $694 of unearned income per month.