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I am approaching retirement. I understand the reasoning behind the withdrawal 4% pa rule which essentially leaves the capital intact.

BUT I want to consider a higher rate which would consume my capital.

What is the point in leaving anything out there when I might prefer to be selfish and get the benefit myself.

Is there a standard formula which would allow me to calculate the rate to consume capital $A in B years by withdrawing at a rate of C% assuming a growth rate of X% ?

Obviously the inflation and growth percentages have to be estimates / guesses.

I understand there may be pros and cons to this idea but I just want to evaluate the options.



Submitted November 22, 2020 at 06:09PM by Mycroft_sr https://ift.tt/3kWvsMY

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