GravitySucks
Thinks s/he gets paid by the post
Retired in 2013 at 54. Moved all but 4.5% times 5 years from 401k funds to IRA. So 4.5% WR but no inflation added.
2018 turned 60 and started my small SS Survivor benefit. Moved to ACA as the megacorp benefit got too expensive. Planned on a WR of IRA minus what my age 70 SS over 10 years times 4.5 percent. COVID and health issues got in the way of spending that much but gifting DD2 a house got it up there. Inflation adjusted the stash is the same as it was 5 years ago.
The coming 5 year plan is to spend down a bit. Paid off the HELOC that I took out for DD2 house. Going to try to buy the new Land Cruiser first addition this spring. Looking at about a 6% WR for 3 years unless I can get a good loan rate for the vehicle. It will drop back to 4.5% years 4 and 5. The 8 year bond ladder of essential expenses got down to 3 years as when rates stunk I was buying only 1 to 3 year corporates. The ladder is back to 8 years and each rung now covers all planned expenses not just essentials. The ladder is also mostly treasuries and TIPs now. Not much left in bond ETFs now, just enough to rebalance into equities when we hit a 20% + drop. The brokerage account is almost depleted. Pretty much all is coming from the IRA. Might be able to convert a bit to Roth but I really don’t have a big enough portfolio to worry much about RMDs pushing me to IRMAA troubles.
At 70 my SS will cover my essentials plus a little more and I’ll Retire again.
Do you have milestones where you plan to make changes to your plan?
2018 turned 60 and started my small SS Survivor benefit. Moved to ACA as the megacorp benefit got too expensive. Planned on a WR of IRA minus what my age 70 SS over 10 years times 4.5 percent. COVID and health issues got in the way of spending that much but gifting DD2 a house got it up there. Inflation adjusted the stash is the same as it was 5 years ago.
The coming 5 year plan is to spend down a bit. Paid off the HELOC that I took out for DD2 house. Going to try to buy the new Land Cruiser first addition this spring. Looking at about a 6% WR for 3 years unless I can get a good loan rate for the vehicle. It will drop back to 4.5% years 4 and 5. The 8 year bond ladder of essential expenses got down to 3 years as when rates stunk I was buying only 1 to 3 year corporates. The ladder is back to 8 years and each rung now covers all planned expenses not just essentials. The ladder is also mostly treasuries and TIPs now. Not much left in bond ETFs now, just enough to rebalance into equities when we hit a 20% + drop. The brokerage account is almost depleted. Pretty much all is coming from the IRA. Might be able to convert a bit to Roth but I really don’t have a big enough portfolio to worry much about RMDs pushing me to IRMAA troubles.
At 70 my SS will cover my essentials plus a little more and I’ll Retire again.
Do you have milestones where you plan to make changes to your plan?
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