Hello. I basically understand that the 4% plan ,in a nutshell, is basically spending 4% of your assets each year, adjusting for inflation. So, for example in my case, I have $2 million net ,all in liquid assets. (recently sold my small business) and I'm 54, divorced and own nobody anything, no debt and and have 4 monthly payments left on my townhouse worth 600K currently, which is included in my net worth. So, roughly have $80K a yr spending using the 4% plan. I could live on that in Florida, where I reside without problems. BUT always wanted to buy a boat and live on it 6 months a yr . The boat would cost roughly $400K, I know not cheap considering a depreciating asset, and cost 3k a month in upkeep. That would be everything besides fuel and food/ drink. So my question is, using the 4 % rule , though I would surely be breaking is , isn't there another "plan" , like a spend down plan and enjoy the assets slowly? Honestly I rather not "take my assets with me into the next life and enjoy my next 25 yrs. Yes , I know, the unknown is health and those costs related. Though presently, never a health problem yet. Eat well and run 20-25 miles a week currently. Any thoughts? Let me have it! Thank you.. P.S. - Could always consult part time for $25/hr, no problem, though rather not
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