InsertCleverHandle
Dryer sheet wannabe
- Joined
- Sep 5, 2021
- Messages
- 13
Has anyone used a dynamic spending model in retirement? For example setting a base spending and then adjusting discretionary spending each year depending on market returns of the previous year? Conceptually I like this model because it allows to adjust up or down depending on the market, which seems to be human nature (even if not an intentional plan). It also allows to coincide large purchases following a good year (take the safari on a good year, and a camping trip on bad year). If you have experimented with this, how did you do it, and what lessons did you learn? I’m particularly interested in those for those who retired early with a 40+ year retirement to plan for. Thanks.