Those with no kids & no relatives to leave money, is your withdrawal rate still 4%?
So, I have no kids, and all my siblings are doing well .. essentially, I'm fine with having $0.00 balance on my nest egg the day I croak and leave the physical universe.
I know many people who have kids are trying to preserve their capital and say 2.5% or 3.00% is the safe withdrawal rate now, so they can leave millions of dollars to their kids and relatives. Well, I don't need to do that .. should I keep my projection at 4% withdrawal ??
Just wanted to hear from people who are like me - no plan to leave their nest egg to anybody .. and absolutely nobody.
So, I have no kids, and all my siblings are doing well .. essentially, I'm fine with having $0.00 balance on my nest egg the day I croak and leave the physical universe.
I know many people who have kids are trying to preserve their capital and say 2.5% or 3.00% is the safe withdrawal rate now, so they can leave millions of dollars to their kids and relatives. Well, I don't need to do that .. should I keep my projection at 4% withdrawal ??
Just wanted to hear from people who are like me - no plan to leave their nest egg to anybody .. and absolutely nobody.