I have read some old posts about the problems with modelling a bucket strategy in firecalc. I am not trying to model a continuous bucket during the full term of my retirement. The plan I want to model is this: I have four years between expected retirement date and the beginning of a pension. One plan I am considering is to have enough cash to cover all expenses during this four year period. After the pension kicks in, I will draw from my portfolio (which excludes the above referenced cash) to cover expenses above the pension.
Could I model this in Firecalc by (i) deducting the cash from my portfolio amount on the start page, (ii) entering offchart reduction in spending equal to my total spending to commence in the year of retirement (reducing expenses to zero during this period), and (iii) enter the amount of net spending above my pension as an offchart increase in spending in the year the pension commences?
I get a very different (more favorable result) doing this than leaving the cash in my portfolio and classifying it as short term bonds and beginning withdrawals from said portfolio immediately upon retirement.
Could I model this in Firecalc by (i) deducting the cash from my portfolio amount on the start page, (ii) entering offchart reduction in spending equal to my total spending to commence in the year of retirement (reducing expenses to zero during this period), and (iii) enter the amount of net spending above my pension as an offchart increase in spending in the year the pension commences?
I get a very different (more favorable result) doing this than leaving the cash in my portfolio and classifying it as short term bonds and beginning withdrawals from said portfolio immediately upon retirement.