Originally Posted by imoldernu
Instead the questions about % of net worth for home, car, or other categories... which often depends on current age, how about a look ahead to where you expect to be when you are older... 60's, 70's or 80's.
In short, when you look ahead, do you expect to ever spend down your capital assets or your nest egg?
There is such emphasis on Safe Withdrawal Rates, that it makes me wonder if the worry about security in old age, is causing many to continue in unsatisfying jobs.
We have never planned in terms of SWRs. I used a spreadsheet or the Fido RIP. We have a year by year budget and many years are unique: mortgage or no mortgage, college or no college, RMDs or not, tax situation changing, SS 1 kicking in, SS 2 kicking in, the non-COLA pensions losing value over time, etc.
We always manage to how much of do we want/need to have left at age 80 & 100 in today's dollars, at least for LTC, if not to leave for the kids. We could live another 50 years and I see people my age or older raising or helping to raise grandkids, needing LTC, getting serious illnesses, having disabled grandkids that need help, adult kids falling on hard times, or whatever, and I don't want to spend the nest egg to anywhere close to zero. It seems like over a potential half a century of potential retirement one or more of those kinds of issues needing large financial resources could easily crop up.
We are also more into capital preservation for our portfolio rather than heavy into stocks, so our returns will be rather relatively low and boring but somewhat predictable.