Semiretired2008
Recycles dryer sheets
Just wondering how everyone who has pensions and or SS, but also draws down on a portfolios handles this...
Since your pension and or SS inflates at CPI (some pensions are not inflated), but you want a flat rate (let's say 3%) - do you withdraw from your portfolio to make up the difference or do you only inflate your withdrawals from your portfolio and let your other income just be what it is and adjust your budget to that?
My plans are to make up the difference, but when I calculated what the difference would be - I could not believe how many years it added - so wondering just what is the norm
Since your pension and or SS inflates at CPI (some pensions are not inflated), but you want a flat rate (let's say 3%) - do you withdraw from your portfolio to make up the difference or do you only inflate your withdrawals from your portfolio and let your other income just be what it is and adjust your budget to that?
My plans are to make up the difference, but when I calculated what the difference would be - I could not believe how many years it added - so wondering just what is the norm