My plan, I just retired at 55.
1. Withdraw from investments twice a year.
- If portfolio hit target over past 6 months, withdraw 4%. If More, draw more. If Less, draw less.
2. Two year CDs at 2.6% staggered for insurance premiums & income tax (April $15K), Property Taxes (December $10K), annual tractor payment ( Jan $16K),
3. three $50K CD laddered 12, 24, 36 months for cash to hedge against market downturn.
4. I have a non COLA pension that we plan to live on. Investments have to offset inflation impact on pension & are for travel, Christmas, etc.