My father recently passed away at 97 (had a darn good run!) and I have received a pretty healthy inheritance. I had been taking a WR of about 4% but now it's at 3%.
I'm thinking of figuring out my SS rate at 70, and take the amount out of my inheritance yearly which would bring the WR up to about 4.2%. But then delay taking SS so that DW would be able to trade up to mine if necessary.
I know there is a million and 1 ways to divvy everything up, but I could sell this to the DW as benefiting us now and in the future. And it appears to be fairly safe also.
I'm thinking of figuring out my SS rate at 70, and take the amount out of my inheritance yearly which would bring the WR up to about 4.2%. But then delay taking SS so that DW would be able to trade up to mine if necessary.
I know there is a million and 1 ways to divvy everything up, but I could sell this to the DW as benefiting us now and in the future. And it appears to be fairly safe also.