View Poll Results: What is your actual spending pattern vs your FIRE stash?
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Bounce the check to the undertaker
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8 |
3.28% |
"SWR" - spend down to zero on a historical average basis
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28 |
11.48% |
Capital preservation - die with the dollars you started with
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27 |
11.07% |
Spending power preservation - die with the spending power you started with
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33 |
13.52% |
Scottish style - grow the portfolio on average
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95 |
38.93% |
Uncle Scrooge - grow the portfolio with intensity
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14 |
5.74% |
I like bacon
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39 |
15.98% |
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05-18-2021, 09:41 PM
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#61
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Full time employment: Posting here.
Join Date: Jun 2017
Location: Punta del Este
Posts: 643
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Bad poll
I find the options too limited so i will likewise pass. How about planning to spend down portfolio but not to zero, or where I started (what does that have to do with the future? My goal is to, Maintain enough to sustain another 10 years of life for me or my spouse, and/or a cushion for advanced care, but likely would never spend....
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05-18-2021, 11:00 PM
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#62
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Recycles dryer sheets
Join Date: Jul 2012
Location: San Antonio
Posts: 140
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We don't do without but save a good portion of our retirement income. The children are going to have a difficult time considering the looming financial storm. They will have the capability to survive because we can make it so. If they choose to squander it, then they will pay the price. If they don't, then they will be among the survivors.
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05-19-2021, 04:23 AM
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#63
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Quote:
Originally Posted by Retired Expat
I find the options too limited so i will likewise pass. How about planning to spend down portfolio but not to zero, or where I started (what does that have to do with the future? My goal is to, Maintain enough to sustain another 10 years of life for me or my spouse, and/or a cushion for advanced care, but likely would never spend....
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That’s been my approach. I’ve looked at the statistics for % remaining portfolio, and using FIREcalc you can look at ending portfolio values for given AA and withdrawal rate. I’m quite comfortable going down to 1/2 starting portfolio (real) worst case and starting portfolio average case. That’s perhaps a larger cushion than needed, but you never know what might happen late in life and I want flexibility. We’re not drawing down hard enough to even meet that criteria yet, but I have no problem with drawing down more aggressively as needs arrive.
__________________
Retired since summer 1999.
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05-20-2021, 03:51 AM
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#64
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,915
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Quote:
Originally Posted by audreyh1
That’s been my approach. I’ve looked at the statistics for % remaining portfolio, and using FIREcalc you can look at ending portfolio values for given AA and withdrawal rate. I’m quite comfortable going down to 1/2 starting portfolio (real) worst case and starting portfolio average case. That’s perhaps a larger cushion than needed, but you never know what might happen late in life and I want flexibility. We’re not drawing down hard enough to even meet that criteria yet, but I have no problem with drawing down more aggressively as needs arrive.
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Actually the concept of ending up with less at the end of a given year used to bother me. Of late, it's begun to bother me that we always end up with more - as in more to "get rid of" before we die. Now, we are attempting to arrange to give to our favorite charities upon our (last) death. That will make me happy with still accumulating an excess. YMMV
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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05-23-2021, 12:22 PM
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#65
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
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Though I still plan on reaching the end with a bit less than I started with, the market over the last 8 years has thrown me into Scottish territory.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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05-23-2021, 01:14 PM
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#66
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,192
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I have a minimum floor that I'd like to stay above until I hit SS which I dont' think fits into any of the categories and since I do indeed enjoy Bacon, that was my choice.
Once SS/Medicare kick in, the numbers change drastically and we wish to spend to near zero... however since who knows in 15-20 years what will happen to those 2 programs, I'm sticking with it doesn't have to necessarily grow, it just can't dip below my minimum.
We got within 20% of that minimum during the COVID dip and we planned to go into necessity only spending mode.
Our spending is closer to a VPW model.
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05-23-2021, 01:31 PM
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#67
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,418
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Just an observation:
Most posters on this thread (myself included) claim a net increase over the years; some quite impressively so.
Might this answer the question on "inflation worries" thread a few weeks back? I'd presume that having 2-3X more than you started with 10-20 years ago--despite hefty withdrawals--would easily mitigate whatever inflation impact we might see ahead.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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05-23-2021, 02:15 PM
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#68
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Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: W Wash
Posts: 1,644
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Quote:
Originally Posted by HawkeyeNFO
When in doubt, bacon and out...
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+1
Choice I wanted was "Live the good life" with enough care that eating cat food at the end was never possible
Will take Bus Class air but not charter jet. Good Wine but no $100 bottles. ;-)
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05-23-2021, 02:16 PM
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#69
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,351
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Quote:
Originally Posted by marko
... I'd presume that having 2-3X more than you started with 10-20 years ago--despite hefty withdrawals--would easily mitigate whatever inflation impact we might see ahead.
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Do you know someone who can see ahead? Take a look at the late 70s, early 80s. One of our human characteristics is a strong recency bias when making predictions.
__________________
Ignoramus et ignorabimus
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05-23-2021, 05:35 PM
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#70
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,882
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Quote:
Originally Posted by marko
Just an observation:
Most posters on this thread (myself included) claim a net increase over the years; some quite impressively so.
Might this answer the question on "inflation worries" thread a few weeks back? I'd presume that having 2-3X more than you started with 10-20 years ago--despite hefty withdrawals--would easily mitigate whatever inflation impact we might see ahead.
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It probably addresses "typical" and even "high" inflation for a while. Some worry about hyperinflation, which 2-3X would mitigate for a day or two.
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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05-23-2021, 07:05 PM
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#71
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,418
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Quote:
Originally Posted by OldShooter
Do you know someone who can see ahead? Take a look at the late 70s, early 80s. One of our human characteristics is a strong recency bias when making predictions.
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What I meant was if inflation suddenly made costs go up notably, that those of us who've gained so much should be able to absorb the extra prices by drawing a bit more from our portfolios.
When I started ER, I would've been happy by now (16 years later) to have broken even with my starting point. Instead I'm up almost 3X despite a 5%+ WR.
If inflation increased my expenses, I'd feel comfortable with drawing more knowing that 1) I've gained more than I thought I would and 2) I have fewer years to worry about it, even with a somewhat smaller return.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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