Leonidas
Thinks s/he gets paid by the post
The real question is...are you single?
Is that you, Bernie?
Nothing but net!
The quality of the drival around here is improving!
The real question is...are you single?
Is that you, Bernie?
I always thought the 4% SWR used up the principal over a 30 year period and you died broke.
Yep, being a millionaire ain't squat in these times. To be really rich, you have to to be a chamillionaire!Welcome , What everybody is trying to tell you is that a Million yields $40,000 . Unfortunately the days of a million being really big bucks and bringing images of servants and lots of luxury are over .
As I recall, you can eliminate that possibility if you use a 3% SWR instead of 4%.
Or, you could live on dividends and never sell a share of anything except to rebalance. As I recall, my dividends are around 3% or so right now. The principal has veered around during the year, naturally, due to market conditions.
Lets' get right to it. I'm 59 1/2. How can I live off $1million without touching prin?
Happy New Year you Monkey!
The Bird gets 5% just for reading this post.Become an expat. Run a "massage parlor" in a foreign land rake in profits. Send some of the royalties to me because of my brilliant plan.
Happy New Year you Monkey!