Quote:
Originally Posted by Caymus
I understand all that. The problem (as I see it) is that I have always lived too fugally and have done so for years. Doing my work years most of my income went into investments or taxes. I was hoping to find a mathematical model that tells me how much to spend based on my assets. Maybe I need a psychoanalyst instead.  |
The math is easy. If you have a balanced portfolio, you should be able to spend about 4 percent of it every year. But, if you have been a saver most of your life, forcing yourself to become a spender will not make you happy.