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- Apr 14, 2006
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I am seeking opinions on what to do with amounts that FIRECalc says I can safely withdraw, but which I cannot spend. For purposes of the question assume the following:
FIRECalc gives me a 100% success rate when I spend $200k per year from a 70/30 portfolio, and shows an 8 figure portfolio when I am 90.
Even if I spent every waking moment trying to "blow that dough", I realistically can't spend more than $150k per year.
I have no children and have no need to leave a bequest.
QUESTION: As to the $50k per year that I can't spend, should I leave it in the market (70/30), or withdraw it anyway and put it in a CD ladder?
I am inclined to do the latter, because it reduces the risk that FIRECalc is wrong, but I wonder if I am missing something.
What would you do?
FIRECalc gives me a 100% success rate when I spend $200k per year from a 70/30 portfolio, and shows an 8 figure portfolio when I am 90.
Even if I spent every waking moment trying to "blow that dough", I realistically can't spend more than $150k per year.
I have no children and have no need to leave a bequest.
QUESTION: As to the $50k per year that I can't spend, should I leave it in the market (70/30), or withdraw it anyway and put it in a CD ladder?
I am inclined to do the latter, because it reduces the risk that FIRECalc is wrong, but I wonder if I am missing something.
What would you do?