No. of Recommendations: 1
At 56 and all of your goals taken care of then withdrawals are probably not terribly far off.

Actually they are. Some time ago on this board I asked about calculating the impact of different income streams beginning to pay at different times. I think someone posted a link to intercst's web site which was really not helpful for my situation. His work is good stuff for most people. But I'm not in that situation.

If I had two million with an advisor he would charge me $20,000 a year to control my investments (1%).

One thing I've learned over the past couple of years is that the actual experience of things can turn out very different that what you think it might be like - both bad and good things.

What would you do if you earned $1200/day ? Would you give it back because it's incredible to earn that much ? For me, managing more is definitely different and for some reason right now, a financial misstep is a big concern. The more is marginal but it does make a difference in how I feel about it.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.