hellbender
Recycles dryer sheets
- Joined
- Jul 14, 2006
- Messages
- 153
http://www.raddr-pages.com/forums/viewtopic.php?t=1208&s...
"In constant 2000 dollars the initial $1M portfolio has eroded to $382K and our retiree is now in a position of having to withdraw over 10% of that amount in order to keep living on a 4%/yr inflation-adjusted withdrawal rate. "
". . . . . But this is not the case for the hapless Y2K retiree who bought the safety argument for a stock-heavy S&P500-based portfolio in the heady days of the dawning of the new millenium. Clearly, this portfolio is in huge trouble and it would take a miracle to make it the full 30 years before failure. Hopefully our poor retiree can develop a taste for cat food in the near future. "
"In constant 2000 dollars the initial $1M portfolio has eroded to $382K and our retiree is now in a position of having to withdraw over 10% of that amount in order to keep living on a 4%/yr inflation-adjusted withdrawal rate. "
". . . . . But this is not the case for the hapless Y2K retiree who bought the safety argument for a stock-heavy S&P500-based portfolio in the heady days of the dawning of the new millenium. Clearly, this portfolio is in huge trouble and it would take a miracle to make it the full 30 years before failure. Hopefully our poor retiree can develop a taste for cat food in the near future. "