Bill Bengen who is credited with coming up with the 4% Rule for retirement withdrawal rates sat for an interview with Yahoo. There's not much new since I last wrote about Bengen which was a bit of a bombshell. Not 4% but 4.7%.
So this post is about some of the comments.
If you can swing it and can do the work or get the work done, yes. We've been insanely lucky with our short term rental but arguably you only need to not be unlucky with something like this. It does take a lot of work though, don't sell that part of it short.
"Raiding" his IRA, this guy is either very right or very wrong.
Dude, no.
Only one way? And that way is with annuities? Buy annuities, don't buy them, whatever, but only one way comments are nonsensical.
Some good thoughts here regardless of whether the numbers are similar to yours or not.
At a 3% rate of price inflation, in 15 years expenses will be 50% higher.
Get a grip my guy, at this point it is a single digit decline. If he is 70 and makes it passed 90, he will see several more declines far worse than the current one. All he needs to do is not panic.
The information, analysis and opinions expressed herein reflect our judgment and opinions as of the date of writing and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation.
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