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| Member |
Total spending decreases according to this article. https://www.kitces.com/blog/ag...g-needs-by-category/[/QUOTE] Thank you for posting this. An interesting article that mirrors what we've seen in our older family members. Silent | |||
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| Green grass and high tides  |
So in re-reading this I am wondering a few things. The age thing is pretty well hashed out I would say. I really wonder about the performance of the portfolio over the duration. In a conservative mix is a 5% return annually realistic? I think not myself. In my mind it is more likely for the portfolio to lose principle over a 20 year period vs make money. Add in inflation and maybe 15-20% of the portfolio could disappear over that period without taking in to account any distribution's. The last ten plus years the stock market has been unbelievably positive. So I think using that as a benchmark going forward is a big mistake. It would be unnerving in retirement to watch your portfolio shrink 20% over 15-20 years in the principal due to market performance. I know this is a negative outlook and hope the opposite will happen, but remember the ole "plan for the worst and hope for the best."  Wondering what your thoughts are about this. "Practice like you want to play in the game" | |||
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| Member |
I feel pretty good about 5%. The report showed numerous historical scenarios. Inflation is built into the spending side, not subtracted from the returns. | |||
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| Staring back from the abyss  |
My retirement plan is winning the lottery. Apparently I did something wrong somewhere along the way.  ________________________________________________________ "Great danger lies in the notion that we can reason with evil." Doug Patton. | |||
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| Green grass and high tides |
Yeah, but the spending money comes from drawing on the the portfolio and earnings, if there are any  "Practice like you want to play in the game" | |||
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| Member |
^^^^ Not sure I understand. The projections show the principle drawdown over time. Good and bad years are factored in to the average. | |||
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| Lawyers, Guns and Money  |
Thank you for posting this. An interesting article that mirrors what we've seen in our older family members. Silent[/QUOTE]  "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Green grass and high tides |
ok, got it. That sounds reasonable. When you decide to retire do you intend to be completely debt free? No housing expense, car paymentt. etc? "Practice like you want to play in the game" | |||
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| Member |
I have been for several years. House is paid off and I've paid cash for the balances on car trades. My budget includes an expenditure for replacing vehicles every 5 years up to age 75. Beyond that, it seems like most people stick with what they have due to familiarity and don't put on many miles. | |||
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| As Extraordinary as Everyone Else  |
It seems like everyone’s scenario is a little different which is what one would expect. Most major financial institutions/brokerage houses have financial software that you can use for free. Here’s the one for Fidelity which I am a client of although you don’t have to be a client to use. https://www.fidelity.com/calcu...lanning-and-guidance ------------------ Eddie Our Founding Fathers were men who understood that the right thing is not necessarily the written thing. -kkina | |||
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