Core Insights - The article discusses the financial considerations for an individual planning to retire with a net worth of $3 million and a monthly living expense of $5,000, emphasizing the importance of understanding the distribution rate of withdrawals [1][4]. Asset Composition - The composition of net worth is crucial; it should be assessed whether assets are primarily liquid (stocks, cash) or illiquid (real estate), as this affects withdrawal capabilities [2][3]. - A hypothetical scenario illustrates that if a home valued at $2 million is owned outright, only $1 million in liquid assets would be available for withdrawals, leading to a 6% annual withdrawal rate, which is significantly higher than the recommended 2% [4]. Withdrawal Strategy - A low withdrawal rate (2%) is generally considered safe and minimizes the risk of depleting funds, while a higher rate (6%) increases the risk of running out of money [1][4]. - It is essential to balance liquid and illiquid assets when determining a sustainable withdrawal strategy and retirement income plan [5].

Core Viewpoint - The press release provides shareholders of Cohen & Steers Total Return Realty Fund, Inc. with details regarding the distribution to be paid on September 30, 2025, and cumulative distributions for the fiscal year to date [1]. Distribution Policy - The Fund has a managed distribution policy since December 2011, aiming to deliver long-term total return through regular monthly distributions at a fixed rate per common share, allowing for greater flexibility in realizing and distributing long-term capital gains [2]. - The Board of Directors can amend, terminate, or suspend this policy at any time, which may negatively impact the market price of the Fund's shares [2]. Distribution Sources - Monthly distributions may consist of long-term capital gains, short-term capital gains, net investment income, and/or return of capital for federal income tax purposes. Return of capital reduces a shareholder's tax basis in their shares [3]. - The amount of monthly distributions can vary based on portfolio changes and market conditions [3]. Distribution Estimates - For September 2025, the estimated distribution per share is $0.0800, with the following breakdown: - Net Investment Income: $0.0449 (56.13%) - Net Realized Short-Term Capital Gains: $0.0000 (0.00%) - Net Realized Long-Term Capital Gains: $0.0351 (43.87%) - Return of Capital: $0.0000 (0.00%) - Cumulative distributions for the fiscal year to date total $0.7200 per share [7]. Performance Metrics - The Year-to-date Cumulative Total Return for the fiscal year 2025 (January 1, 2025, to August 31, 2025) is 5.53%, while the Cumulative Distribution Rate is 6.20% [10]. - The Average Annual Total Return for the five-year period ending August 31, 2025, is 6.64%, with a Current Annualized Distribution Rate of 8.26% [11]. Tax Reporting - Shareholders will receive a Form 1099-DIV for the calendar year, detailing how to report distributions for federal income tax purposes [12]. Company Overview - Cohen & Steers is a global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, and commodities [13].