Yes. Even if your equity allocation halves in value right before you retire, although holding off on relocation might be a good idea if that happens. You can also reduce expenses later if you need to.I am concerned that we have a heavy drain on our resources until I reach 70, but I believe we will be okay. Do you agree?
They have a nearly $1.6m portfolio. Only 3.5 years until they turn 70. With no change in value, they should still have $1m by the time they only have to draw $26k a year. Even with a bad market, if they still have $650k by then, it's fine.Where are you going to get the $104,920 annual difference for 5 years?
Statistics: Posted by Beensabu — Sun Jul 21, 2024 12:43 am