my plan is to take 0.5%per month which works out to 6% per year with a 100 % equity allocation. This plan is guaranteed to never run out of money. Our base expenses are low enough that could easily survive a 50% drop in the stock market. Also we could always start collecting social security if the market drops more than 50% We are 60 years old and are eligible for about 66k in ss payments per year at age 70 which we could survive on worst case.
It seems pretty simple to me so I must be missing something. Please give me your thoughts
It seems pretty simple to me so I must be missing something. Please give me your thoughts