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Old 05-15-2017, 09:00 AM   #41
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Originally Posted by Carpediem View Post
I'm a CD ladder newbie so apologies if this is a dumb question. If you move all your 401k to a 3 year ladder, wouldn't you be without income for year 1 (i.e., until your first CD matured)? Or would you hold out enough money from your 401k for year 1 before moving it to a 3 year ladder?
Yes and no. You could hold back some living cash and reinvest the CD dividends, OR you could have dividends put into a separate account if you need to use them.
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Are you starting retirement with a high starting WR?
Old 05-15-2017, 09:05 AM   #42
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Join Date: Jun 2002
Location: Texas: No Country for Old Men
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Are you starting retirement with a high starting WR?

No, we already did. Almost hit 10% our second year.
Numbers is hard

Retired in 2005 at age 58, no pension
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Old 05-15-2017, 11:09 AM   #43
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Join Date: Jul 2012
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Apologies for not referencing the WR, 'cuz we didn't know about that at the time, and never used a calculator. Truth is, we made out a year by year budget from our retirement age of 53, to the the year when we'd receive Social Security @62 and Medicare @65. Looking back, we most assuredly withdrew at a much higher rate.

That was about 28 years ago, and we've made it so far, with very little pain. My first post in this thread more or less details our planning logic.
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