yakers
Thinks s/he gets paid by the post
Short story: I don't have one.
Long story: I just eyeball the asset spread sheet every month and if it looks OK then we get on with retired life. DW thinks I check it too often. I retired in March 08 and DW two years earlier. We have pensions that cover about 80% of our spending and about 100% of our critical living costs. We own our house mortgage free. We have funds in IRAs, taxable and cash in the credit union. Income and expenses are too variable. Younger son has 1 1/2 years of college to go, that should free up some fun funds. MIL is elderly, don't know if DW will inherit a nice chunk of change or if we will be writing checks to cover MIL someday. DW is 63 and not yet applied for SS, would not get much due to her small ($25K) teacher pension. Some years she works a little, adds all of $2K which gets dumped in the Roth. Last year we had two big trips (Bali & rafting the Colorado through the Grand Canyon!), this year nothing so exciting, family trip to Chicago. Occasional bursts of home improvement activities. Life is what happens while you are busy calculating the SWR.
The portfolio keeps growing, well, actually it just went past its 2007 high, but we think that is pretty nice. We take out anywhere from 3% to 5%, would take out for needs/activities rather than to a specific budget. Nothing like a fixed budget. If a car went out we might sell some taxable stocks, withdraw from IRAs or borrow from the home line of credit just to keep cash flow flowing. If its important we find the money.
All the attention to calculating the SWR to many decimal places is just crazy making. Life is what happens while you are busy calculating the SWR.
Long story: I just eyeball the asset spread sheet every month and if it looks OK then we get on with retired life. DW thinks I check it too often. I retired in March 08 and DW two years earlier. We have pensions that cover about 80% of our spending and about 100% of our critical living costs. We own our house mortgage free. We have funds in IRAs, taxable and cash in the credit union. Income and expenses are too variable. Younger son has 1 1/2 years of college to go, that should free up some fun funds. MIL is elderly, don't know if DW will inherit a nice chunk of change or if we will be writing checks to cover MIL someday. DW is 63 and not yet applied for SS, would not get much due to her small ($25K) teacher pension. Some years she works a little, adds all of $2K which gets dumped in the Roth. Last year we had two big trips (Bali & rafting the Colorado through the Grand Canyon!), this year nothing so exciting, family trip to Chicago. Occasional bursts of home improvement activities. Life is what happens while you are busy calculating the SWR.
The portfolio keeps growing, well, actually it just went past its 2007 high, but we think that is pretty nice. We take out anywhere from 3% to 5%, would take out for needs/activities rather than to a specific budget. Nothing like a fixed budget. If a car went out we might sell some taxable stocks, withdraw from IRAs or borrow from the home line of credit just to keep cash flow flowing. If its important we find the money.
All the attention to calculating the SWR to many decimal places is just crazy making. Life is what happens while you are busy calculating the SWR.