marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,426
DW is 58 and has a good sized IRA. For planning purposes, I have always included that amount in our portfolio even if she can't access it for another year and a half.
She plans to take SS at age 62.
I wonder how many of you would already include future SS in today's spending?
Or do you view it as a 'raise' (increase in income) coming in four years from now?
As with her IRA, we just withdraw her future benefit from our available portfolio and I suspect that Firecalc also implies doing the same.
We view her IRA and SS as banked money that is just waiting for the proper time to withdraw from a larger total and as those funds open up, we would lower our portfolio withdrawals. In essence, we'd maintain the same spending level but it would be coming from other sources.
Yes, I'm aware of a certain level of risk (accidental death, etc) but I'm excluding that at this time.
She plans to take SS at age 62.
I wonder how many of you would already include future SS in today's spending?
Or do you view it as a 'raise' (increase in income) coming in four years from now?
As with her IRA, we just withdraw her future benefit from our available portfolio and I suspect that Firecalc also implies doing the same.
We view her IRA and SS as banked money that is just waiting for the proper time to withdraw from a larger total and as those funds open up, we would lower our portfolio withdrawals. In essence, we'd maintain the same spending level but it would be coming from other sources.
Yes, I'm aware of a certain level of risk (accidental death, etc) but I'm excluding that at this time.