I caught this Kiplinger read and found the concept interesting. It basically suggests one solution for those who have "won the game" and are perhaps looking for a reason to have confidence to "keep playing" for legacy reasons. Perhaps more mental accounting, but the suggestion of taking determined "excess" after running the most conservative assumptions and putting it in it's own separate legacy account and structuring a longer term AA (relative to the legacy objectives) seemed like a reasonable strategy. As has been discussed here many times, when do you know/really have the confidence you have won the game? That said, I wrestle with the ying & yang of "playing/quit playing". My nature is to take reasonable/calculated risks and be the best steward of what I have been fortunate to accumulate, hence, the suggested strategy in this article caught my attention.
Any of you employ such a strategy? If so, what markers did you use to determine your "excess" (i.e. SWR less than 3% based on very conservative assumptions)?
https://www.kiplinger.com/retiremen.../can-you-retire-with-a-nest-egg-thats-too-big
Any of you employ such a strategy? If so, what markers did you use to determine your "excess" (i.e. SWR less than 3% based on very conservative assumptions)?
https://www.kiplinger.com/retiremen.../can-you-retire-with-a-nest-egg-thats-too-big