I'm looking for a bit of a survey here. How long of a planning horizon and what kind of portfolio survival rate are folks using? I've seen very conservative approaches, but I think that is likely both overkill and assuming that the various models are godlike in their ability to forecast.
Unless most of you are unlike me, you don;t have nearly enough (a la warren Buffett) to ensure that the government won't screw up your best plan anyway. On the other hand, you have enough that it is worth planning out a future.
So my personal method is to use a longevity survey, which says I'll live to 95. I'm sure hoping I make it past my "average" life expectancy.
I'm also planning on a portfolio survival rate of 85%+. Not worried about leaving any legacy, if I do great for the kids, if not, no worse than I had it.
Unless most of you are unlike me, you don;t have nearly enough (a la warren Buffett) to ensure that the government won't screw up your best plan anyway. On the other hand, you have enough that it is worth planning out a future.
So my personal method is to use a longevity survey, which says I'll live to 95. I'm sure hoping I make it past my "average" life expectancy.
I'm also planning on a portfolio survival rate of 85%+. Not worried about leaving any legacy, if I do great for the kids, if not, no worse than I had it.