Originally Posted by
SonicFlyer
A properly diversified portfolio always makes money over the long term and almost always makes money over the medium term. This is why anything less than $2 million just isn't enough to retire on with a 5% withdrawl.
I’ll bring up an interesting philosophical debate on the withdrawal rate. Retaining the principle is only a factor because you don’t know when you’ll die. Unless you just decide when you reach age “X” you’ll “check yourself out.” Then you can pull far in excess of the mythical withdrawal rate. So if you retired at 65 and say your X was 75 you could live like royalty on 2 million for the next 10 years. There’s an article by a Harvard professor entitled , “Why I hope to die at 75.” Fascinating read. For the non religious without any heirs this philosophy is intriguing. No I’m not crazy. This whole financial paradigm is driven by the unknown X. You could drop dead at 85 with a couple million tucked away and what good is that
The last check I write is going to the undertaker - and I’m hoping that bounces.
I’ll literally give my money to a cat charity - I don’t like cats - before I let my deadbeat relatives inherit it.