Midpack
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I've done several polls, and some have resulted in responses like 'none of your choices allow me to answer.' So here's a strawman for one I'd like to submit. I'd like to avoid an "other" answer if possible.
If it's already been done and I missed it, please link me up and I'll forget the poll.
Question: My goal with my/our nest egg is to (best fit answer):
If it's already been done and I missed it, please link me up and I'll forget the poll.
Question: My goal with my/our nest egg is to (best fit answer):
- Primarily to maintain the principal by spending only dividends and investment appreciation in retirement. ex: Norwegian widow, etc.
- Primarly to carefully spend down the principal, making adjustments along the way. If I die broke (or with a specific $ amount to bequest), that would be ideal.
- A hybrid of 1 & 2, leaning toward 1. ex: maintain principal for the first X years, and then consciously spend it down.
- A hybrid of 1 & 2, leaning toward 2. ex: keep an eye on equivalent annuity cost, and spend down to maintain that option.
- I rely mostly on a COLA'd pension or annuity and have health care, so managing principal is a tertiary concern to me/us.