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Subject:  Re: How much cash to keep on hand Date:  10/9/1998  3:46 PM
Author:  ataloss Number:  127 of 20632

Has anyone ever heard of the Garland Rule? I came ascoss this in a back issue of AAII magazine. According to Garland, you can spend 1.25 times the average yield of the S&P 500 times the size of your stock portfolio. This is supposed to allow for preservation of capital and spending power. The rule is intended for foundations. If you have a finite lifespan you could spend more.
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