PS. No, I take it back. I think Bogle implied that if you are planning to live on 4% you should be worried. So, perhaps 2.5-3% in order to be worry free?
So what type of withdrawl rate would that equate to for a 50 year retirement? 2%? Well, after I accumulate enough money for a 2% withdrawl rate, I guess it will only be a 40 year retirement.
That is why I made sure long ago to have enough cash to last 5+ years after all my retirement investments were past enough and SS and small pensions could see us through by themselves while health insurance (Medicare and Tricare) takes care of any health issues and we don't have any loans or mortgage. We are still frugal out of habit yet spending more for fun activities than in the past and trying not to be as concerned about costs. I doubt we are drawing even 1%. I have to give credit to my parents and many of the folks here for guiding me to our present situation.
Cheers!
well the good news is that my portfolio has automatically rebalanced itself over the last week
So what type of withdrawl rate would that equate to for a 50 year retirement? 2%? Well, after I accumulate enough money for a 2% withdrawl rate, I guess it will only be a 40 year retirement.
So what type of withdrawl rate would that equate to for a 50 year retirement? 2%? Well, after I accumulate enough money for a 2% withdrawl rate, I guess it will only be a 40 year retirement.
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