77 years old with $250,000 in cash (places, problem, spend, small)
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My wife and I take the RMD each year (about $40,000 to $50,000), and that usually lasts for 5 or 6 months. Then we usually take about another $40,000, give or take. We have about $85,000 a year in income aside from our investments.
My initial reaction is: withdrawal rate is too high. 9%?
Location: Was Midvalley Oregon; Now Eastside Seattle area
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^MJ, yes you missed it. You can come to a good guessimate from P#108.
Stick with vanilla ice cream for all indeterminate outcomes and beginning points. Neopolitan IC makes a good choice because they can take the part that they like best. The three flavors make a basis for diversification and/or those flavors are the basis for adventures into other exotic adventures.
I do fruit cake because it encompasses everything, doesn't melt, and needs no refrigeration if not used within 6 months. i deconstruct fruit cakes rather than build on ice creams.
^MJ, yes you missed it. You can come to a good guessimate from P#108.
Stick with vanilla ice cream for all indeterminate outcomes and beginning points. Neopolitan IC makes a good choice because they can take the part that they like best. The three flavors make a basis for diversification and/or those flavors are the basis for adventures into exotic
I do fruit cake because it encompasses everything, doesn't melt, and needs no refrigeration if not used within 6 months. i deconstruct fruit cakes rather than build on ice creams.
YNYMV
I see no reference in 108 to the size of their asset pool , only what they draw , yes?
Quote:
Originally Posted by Brookboy
My wife and I take the RMD each year (about $40,000 to $50,000), and that usually lasts for 5 or 6 months. Then we usually take about another $40,000, give or take. We have about $85,000 a year in income aside from our investments.
you know his rmds.
you can guess his SS because he has a fairly big qualified (IRA) account.
Not always …if you guessed by my rmds that would be less then half our retirement assets in that ira.
Most of our assets are outside the ira because it was from real estate we sold.
So while I do have a multi 7 figure ira that won’t reflect a lot about the entire pool being used
So I think until the details are in we should not be telling them their draw is to high
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