For those that practice the SWR approach for systematic withdrawals do have you strictly adhered to the 4% 'guideline' from the moment you started retirement to your estimated 'end game'?
As I look at our own situation, I see several phases where, overall, expenses taper down later (ie our mortgage is reasonable now, but will not be paid off until I am 70, kids will be moved out in 5-6 years - oh I hope so! ), and income streams change.
For instance whatever age I elect to collect SS that would positively affect my SWR.
And - I have different 'pots' for retirement savings: after tax, tax deferred (401k), and tax free (Roth).
Do you apply the SWR to each type of savings you have or is your SWR averaged across all types?
I see different SWRs for each type and during each of the 3 'phases' of my own retirement: some 'pots' a bit higher than 4%, then changing to be lower later, but overall across all my assets the SWR is below 4%.
Was just curious as to how other people are approaching their own SWR.
And - thank you for sharing!
As I look at our own situation, I see several phases where, overall, expenses taper down later (ie our mortgage is reasonable now, but will not be paid off until I am 70, kids will be moved out in 5-6 years - oh I hope so! ), and income streams change.
For instance whatever age I elect to collect SS that would positively affect my SWR.
And - I have different 'pots' for retirement savings: after tax, tax deferred (401k), and tax free (Roth).
Do you apply the SWR to each type of savings you have or is your SWR averaged across all types?
I see different SWRs for each type and during each of the 3 'phases' of my own retirement: some 'pots' a bit higher than 4%, then changing to be lower later, but overall across all my assets the SWR is below 4%.
Was just curious as to how other people are approaching their own SWR.
And - thank you for sharing!