Midpack
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
This topic seems to be under-represented vs accumulation --- and distribution seems to be quite a bit more difficult to plan. I have found a few good articles (and discussions here) that explain methods conceptually, and I've built a spreadsheet (that I don't fully trust), but have any of you seen a published detailed distribution plan showing everything over the projected life of the distribution? And by no means am I asking anyone here to share their personal plan/details. I would pay a professional to develop a plan as a 'second opinion,' but I haven't found anyone I'd trust to do it yet. And yes, I realize the plan is only a roadmap, that I will have to adjust for along the way. [Edit: without a roadmap, how can I know if I'm on track or need to make an adjustment? I'd want to know ASAP, not when it becomes obvious and might be too late to correct. Otar, Fulmer and Evensky/Katz do provide good discussions on this.] FWIW my spreadsheet has assumptions inputs for:
- Retirement Age,
- Assumed Inflation Rate,
- Taxable Dividends & Cap Gains,
- Projected Investment Return,
- Pension Starting Withdrawal Age,
- Pension Monthly,
- Soc Security Starting Age ME,
- Soc Security Starting Age DW,
- Soc Security Reduction,
- Bonus Contribution while working,
- Deferred while working 401k (Cont+Catch Up+Seed+Match) + 2xTIRA+ HSA,
- Current Taxable Nest Egg,
- Current Tax Deferred Nest Egg,
- Current Total Nest Egg,
- Property (Home, Boat, etc.)
- Year,
- Age (to 95),
- Gross Budget Expenses,
- Gross Special Expenses,
- Gross Annual Expenses,
- Taxable Income,
- Estimated Taxes,
- After Tax Cash Income,
- After Tax Monthly Income less Spcl Exp,
- Pension,
- Soc Sec ME,
- Soc Sec DW,
- Total Pension & Soc Sec,
- Net Withdrawal,
- Taxable,
- Deferred (with RMD),
- Taxable Nest Egg Balance,
- Deferred Nest Egg Balance,
- Total Nest Egg Balance,
- Property (Home, Boat, etc.),
- Withdrawal Rate,
- Tax Rate