pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
... I am curious about how people decide if they have enough resources to live off of their investments and thus keeping the principal or use a spend down strategy and use up their investments, hopefully on their last day. ...
I think it is excessively foolish to insist that you only live off of income and never invade principal. Why? Did you save that money for your retirement or to hoard it?
I just look at spending in relation to assets and whether the withdrawal rate is prudent... it doesn't matter whether withdrawals are interest or principal as long as you have a prudent success rate.
If people worked until they could live on income and not invade principal then very few people would retire.