We will RE very soon and initially will not draw any pensions or SS. We'll be funding our lifestyle with a combination of dividend and interest income plus sale of assets. Our monthly spending varies quite a bit depending on travel and other large expenditures. On average we spend about 55% on necessities and 45% on discretionary items.
Do you take a regular "paycheck" from investments (i.e. a constant amount each month) based on your average spending, or do you figure out each month what you need to withdraw? It's going to be stressful for me at first not to have a paycheck, so please share your cash management tips.
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Do you take a regular "paycheck" from investments (i.e. a constant amount each month) based on your average spending, or do you figure out each month what you need to withdraw? It's going to be stressful for me at first not to have a paycheck, so please share your cash management tips.
Sent from my iPhone using Early Retirement Forum