I think the 4% rule is better for planning for retirement than it is for executing retirement. I use it to scope out if I will have enough money to retire, and how long that retirement will last before I run out of money. Once I get to actual retirement I won't follow it. I will have fluctuating retirement income (when do I start the pension? When do I start SS? When does my wife start SS? etc) and the amount I draw down will change based on all those factors, as well as the changing needs for expenses. But it is a handy rule of thumb.
I've been blindly saving for retirement, and only now starting to think about withdrawing. 55 years old
99% Tax deferred
1% Tax exempt I will have a few years between retirement and SS to do some conversions, but I'm currently staring at a big RMD tax bill.
My grandfather was always deaf and my grandmother was always yelling at him. One day, after not seeing them for years, we visited. Grandpa sat in his favorite chair and I sat on the couch as we watched a movie. Grandma came up behind grandpa and started talking to him, then started yelling at him. Grandpa never moved a muscle as he shifted his eyes to me and winked. Then he acted completely surprised when grandma came around the front of his chair. That man faked hearing loss for 40 years and grandma never caught on. Best long con I've ever seen.
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I think the 4% rule is better for planning for retirement than it is for executing retirement. I use it to scope out if I will have enough money to retire, and how long that retirement will last before I run out of money. Once I get to actual retirement I won't follow it. I will have fluctuating retirement income (when do I start the pension? When do I start SS? When does my wife start SS? etc) and the amount I draw down will change based on all those factors, as well as the changing needs for expenses. But it is a handy rule of thumb.
Post: Tweaking the 4% Rule
Link to comment from May 1, 2025
Jonathan did an interview for the Art of Manliness podcast. Been here ever since.
Post: How and when did you find out about HumbleDollar?
Link to comment from September 26, 2024
Heh. I would have ordered from Amazon and knocked something off my honeydew list waiting for it to come in. :D
Post: Getting Rolled by Jonathan Clements
Link to comment from September 18, 2024
I've been blindly saving for retirement, and only now starting to think about withdrawing. 55 years old 99% Tax deferred 1% Tax exempt I will have a few years between retirement and SS to do some conversions, but I'm currently staring at a big RMD tax bill.
Post: What’s your asset breakdown by tax treatment?
Link to comment from September 12, 2024
Red's is 2 miles from my mom's house. Next time I'm in town I'll have to stop in for a patty melt
Post: After All These Years
Link to comment from June 24, 2024
My condolences on your news. Very sad indeed. I appreciate your stoicism in the face of adversity. All my prayers are with you now.
Post: The C Word
Link to comment from June 17, 2024
Sounds like a time to split the difference.
Post: Sea Change?
Link to comment from October 30, 2023
My work offers 6 different HDHPs with HSA. I used a spreadsheet to figure out which one to pick.
Post: Is It That Hard?
Link to comment from October 20, 2023
My grandfather was always deaf and my grandmother was always yelling at him. One day, after not seeing them for years, we visited. Grandpa sat in his favorite chair and I sat on the couch as we watched a movie. Grandma came up behind grandpa and started talking to him, then started yelling at him. Grandpa never moved a muscle as he shifted his eyes to me and winked. Then he acted completely surprised when grandma came around the front of his chair. That man faked hearing loss for 40 years and grandma never caught on. Best long con I've ever seen.
Post: Getting an Earful
Link to comment from August 10, 2023
This question and both replies sound suspiciously bot-like. Maybe that's just because I read the article on ChatGPT
Post: Foolishly Fixated
Link to comment from July 10, 2023