I have followed with great interest the discussions on this board concerning retirement investing.
I am impressed with the idea of 1 years expenses in a MMF and another 3-5 years of expenses in laddered CD's/T Bills,notes.
However,all of the scenarios discussed assume leaving a hefty estate to heirs.My situation is somewhat different and I am asking for advice from this board and it's excellant contributors.If I start with 1million and follow the above for the MMF and CD's/T Bills,notes,what burn rate can I use as a percentage for annual withdrawals so that all but about 40-50K is used up in 35 years?
Obviously this situation is somewhat unusual.If I also assume a 4% inflation rate will this help the figsures to be more conservative?What rate should I use for a return on port?9% given the stats re the S&P?
In discussing adjusting the withdrawal percentagesfor inflation,would I add or subtract the inflation percentage number from the annual withdrawal percentage?
My health/physical condition is not all that great so I am obviously concerned about this topic and the results since my primary concern is with my wife and not myself.Any help is greatly appreciated.Bassattack/wayne