heretical ideas

[unclemick]

Yep

You can't get around running your own set of numbers for your ER.

75% trad IRA here - 13th ER year - age 62 1/2 - deliberately tapping before RMD. Gonna try Zipper's(and others?) 5% of outstanding balance for a while.

Plenty of nuts and bolts lying around in past and present threads to help.

heh heh heh heh

[ESRBob]

2B,
Yeah-- the spending may or may not change much in ER, although things like downsizing or finishing paying off the house may make a big dent. I think the real takeaway from that section of the book is the top-line differences: People are used to thinking of their total annual salary before taxes, and forget that they actually spend far less than that each year, since so much goes off to taxes, savings, maybe mortgage. In ER, you only need your portfolio to produce what you actually need to spend, which is a lower bar. It is probably pretty obvious for anybody here, but a surprising number of people first approaching ER and hearing about SWRs try to replicate their current gross income with an SWR, get discouraged about the size of their nestegg and figure ER will never work for them.

[2B]

Quote:

Originally Posted by ESRBob 2B, It is probably pretty obvious for anybody here, but a surprising number of people first approaching ER and hearing about SWRs try to replicate their current gross income with an SWR, get discouraged about the size of their nestegg and figure ER will never work for them.

It's hard enough to get a portfolio large enough for the net.

[ESRBob]

Hear Hear.
That's where the 'semi-retirement' part comes in. If I had to do this on SWR alone I would still be riding the train and sitting in cubicles and conference rooms. That or selling off the house amid howls of protest from the small fry.