corn18
Thinks s/he gets paid by the post
- Joined
- Aug 30, 2015
- Messages
- 1,890
Is it 90% at fixed spending, or at Bernicke's Reality Retirement Plan spending reductions? If you are looking fixed spending scenarios, try some Bernicke spending formulas. In Bernicke, don't be afraid to bump up your initial spending in the early years e.g. to cover renovations, new cars, travel that you're unlikely to keep up when you are age 75+
Everything is fixed except the blow that dough amount. BTD is $25k from 55-70 and then goes to $12.5k until age 80. It is $0 @ 80. At age 70, my COLA pension and SS covers 100% of my base expenses. So any money left over @ age 70 in my retirement accounts is 100% BTD or for my heirs/charity. Basically, my plan is to slide into age 70 with about $500k left in the retirement accounts.