What base dollar amount should we use to calculate our starting SWR amount? We considered the mean or some form of average value of the funds during the final year. I don't recall seeing this discussed in the studies on SWR.
Given market volatility lately this seems to be a significant decision. Does 70/30 EQ/Bonds-fixed matter.
SS and pension will cover required minimum expenses when we retire in 3 to 5 years. I have budgeted reserves for emergencies. I plan to remove these reserves and home value (no mortgage) from my base dollar amount used for the SWR calculations.
Thanks for any suggestions.
Given market volatility lately this seems to be a significant decision. Does 70/30 EQ/Bonds-fixed matter.
SS and pension will cover required minimum expenses when we retire in 3 to 5 years. I have budgeted reserves for emergencies. I plan to remove these reserves and home value (no mortgage) from my base dollar amount used for the SWR calculations.
Thanks for any suggestions.