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Endowment Mutual Funds
I am thinking about utilizing an Endowment Mutual fund as the basis for providing retirement income.
I have been thinking through different options. The obvious and simple option is to just put it all in the 5% option at VG and take the money each year.
Another option is to put most of the money in the endowment fund except a certain % for extraordinary expenses in case of an emergency.
How would you build a FIRE strategy around the endowment fund if you were targeting retirement at 55?
If you think it is a bad idea, please comment also... but please be specific about why you think it is a bad idea.
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