So I also misunderstood the 4% rule. I figured I would calculate it as I
can take out 4% of my investments in 2024, then in 2025 take out 4%
based on what I had in my portfolio as of 1/1/2025. And I misunderstood
it. I recalculated based on 4% of what was in investments on the day I
retired, then checked inflation rate (2.5% on August 2024 - I would need
to check again at the end of the year) - and compared it to 4% of what I
have in my portfolio today - and there was over a 2K difference in
calculations. I could have taken out too much.
So, note to self. Each year check what was in investments on date of
retirement. Check inflation rate. Recalculate safe withdrawal amount.
Now I need to go back and read up on what to do in years three, four,
five, ... - I only know what to do in years one (4%) and two (4% plus
annual inflation rate).
BruceG
_______________________________________________
gnucash-user mailing list
[email protected]
To update your subscription preferences or to unsubscribe:
https://lists.gnucash.org/mailman/listinfo/gnucash-user
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
