re: For those of you retired and living off of retirement savings, how often do you pull…

Some of you guys need to understand reinvesting dividends or not before worrying about pulling from savings. Lol

I’m still 15-20 years from retirement so tifwiw. Given that, my plan is to have 1.5 years in a money market if rates are realistic. Use my money market to live off of. The rest of my accounts will be set to invest for 1.5 years down the road.

Back in 2008 I saw way too many people that went back to work or otherwise changed their plans because of the recession. It seemed like they lived off their investment accounts on a monthly basis with no plans for major dips. It’s gonna happen. So I want to invest for 1.5 years down the road and if there’s a dip I’ll have my income for 1.5 years and taper my spending over time if need be.

ETA: money market now is getting 3.5%, but I know from 2010-2020 or so they mostly weren’t returning even 1.5%.

quote:

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.money from investment portfolio and hold as cash for your upcoming expenses? A year at a time? 6 months? A month? No cash bucket at all?

I’m still a few years from retiring and hopefully a lot of years from pulling from retirement savings, but would like to know some strategies being employed by real people. Thanks!

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Great question that i haven't even thought about it.


I think i might just do monthly withdrawal enough to pay the bills when i retire unless my SS can cover my bills which i doubt they will.

Is there a right or wrong way to withdraw monthly or yearly?

I basically do PennyPackers plan except instead of 3-5 years cash bucket I have 2-3 years.

Gift the kids the maximum amount? Wtf must be nice to be your kids

Very thoughtful of you. Nothing wrong with "spoiling" your kids as long as you are not enabling terrible behavior.