Hi Everyone
Have a lot to tell and say but firstly here is the practical part before I bore you with bio and philosophy:
Have a lot to tell and say but firstly here is the practical part before I bore you with bio and philosophy:
I have been using a spreadsheet to control my financials since I ERed. The outcome of the spreadsheet is a yield (%) that I have to obtain in order to keep going (until a predetermined age) at our average rate of expense of the last 12 months (for which I have a separate spreadsheet). I find this number to be the best guide to where I am standing. It is now at 4.5% without any reserve for unexpected items and 6% with a certain (predetermined) reserve. I now plan to post it on the net (in Israel) to help a friend generate some traffic to his (investment consulting business) site. My questions are: 1. Do you know of a similar calculator on the net? I have spent quite a while looking and all the ones I found relate to income you can generate from a certain amount of assets assuming a certain yield but not the other way around. 2) Do you find a required yield number to be useful in controlling your FI status?
Thanks a CU around
Miki