Quote:
Originally Posted by rjm1cc
In general you can spend 4% of your assets each year and be OK. When you do the research you will see that 4% is probably too high for you if you start drawing now
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Well that really depends on what your invested in doesn't it? For example my 401K has a fixed (yes I said fixed) rate choice that is currently 5.77% guaranteed to next June. So even if I took out 5.77% it wouldn't even lower the amount of principal.
The 4% is a very safe conservative number to use but everyone needs to look at their total amount, what they earn for returns, and what amount of cash they need every year.