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Going to mug an 84 year old women
Old 05-29-2008, 04:55 PM   #1
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Join Date: May 2008
Posts: 566
Going to mug an 84 year old women

I have been running firecalc on my numbers and the numbers all work out for a 25 year run then I run into a 5% -10% failure rate. Or a 90% success rate if I'm feeling more like the glass is half-full-which I never do.

Portfolio balance now about $680,000.

One of the financial books I read last year was the Lucas "Buckets of Money"
Great title -really lousy book but I got one tidbit of information I want to keep; It's okay to spend principal when you have a separate portfolio for growth. So I have designated a bucket#1 for 3 years of expenses along with the dividend income during those years from a Utilities stock (yearly dividends =$8000. Then I start to burn through that stock for a 5 year term. Figured on a 4% increase in spending per year.

When I get to 67 ,the plan is that 3rd bucket will have grown, social security will cover 30% of my expenses and the time line will then take me to age 93.

I have considered medical. Policies look affordable-but are they available Will rant about that later.
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Old 05-29-2008, 05:10 PM   #2
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Join Date: May 2004
Location: SW Ohio
Posts: 14,404
- Welcome to the board.
- You may want to pay a visit to the FAQ Forum if you haven't been there yet. Theres a FAQ on Lucia's Buckets. There are some bucket believers here.
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