I am approaching my retirement data, and I like to investigate in advance everything
First about me: Living in Canada, I will have “good “ lifetime pension m and some Canadian pension also(reduced as I would live only 17 years in Canada)
Besides that guaranteed income I will have some rental income and some investments, mostly Nasdaq indexes.
Guaranteed yearly income would be around 70K (including my wifes part), rental income would be around $60K, and I will keep around $1.2M in investments. MY target is to have around $120K after taxes (35% maybe)
I was thinking about the bucket withdrawal strategy. I run some home-made simnulations, but it maked no sense to me (I am talking pure financially, maybe I would sleep better with the buckets in a downturn)
Does anyone know a good paper/resource/calculator to study the bucket strategy?
First about me: Living in Canada, I will have “good “ lifetime pension m and some Canadian pension also(reduced as I would live only 17 years in Canada)
Besides that guaranteed income I will have some rental income and some investments, mostly Nasdaq indexes.
Guaranteed yearly income would be around 70K (including my wifes part), rental income would be around $60K, and I will keep around $1.2M in investments. MY target is to have around $120K after taxes (35% maybe)
I was thinking about the bucket withdrawal strategy. I run some home-made simnulations, but it maked no sense to me (I am talking pure financially, maybe I would sleep better with the buckets in a downturn)
Does anyone know a good paper/resource/calculator to study the bucket strategy?