5 years ago I started taking a WR of 3.75% of my then present assets. Fast forward to now and my WR is now at around 3.26%. And in the meantime I've also adjusted my allocation from about 76/21/3 (S/B/C) to around 65/29/6 so it's more conservative now.
In addition, in 5 years the kids will be done with college, the house will be paid off, and military pension plus SS will more than keep the roof over our head and allow us to live a very decent life.
So I'm thinking of jumping the WR by 1% to 4.25% for the next 5 years so we can do a bit more travel and do some home repairs. I could scale back quickly if necessary but I"m starting to think I'm needlessly short changing myself.
Maybe even go to 4.5%?
In addition, in 5 years the kids will be done with college, the house will be paid off, and military pension plus SS will more than keep the roof over our head and allow us to live a very decent life.
So I'm thinking of jumping the WR by 1% to 4.25% for the next 5 years so we can do a bit more travel and do some home repairs. I could scale back quickly if necessary but I"m starting to think I'm needlessly short changing myself.
Maybe even go to 4.5%?