DOROTHYLINDSLEY asks,At 88 years of age with no dependents and about $650,000 in stocks and bonds, how do I determine how much capital I can draw on per year? I also have income from a Trust Fund. That and my Social Security total about $15,000 a year.Due to a Scottish background, I have never borrowed or spent much on myself. However, should I reach 100 years,I want to be sure I don't find myself out on the street with a begging cup.Dorothy,I'm less than half your age, yet oddly I worry about the same thing. (I retired 5 years ago at age 38.)Check out the Retire Early Study on Safe Withdrawal Rates, see link:http://home.earthlink.net/~intercst/reindex.htmlDespite it's title, the techniques apply to retirees of any age.intercst
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