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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75801  
Subject: Re: My brother made it! Date: 7/23/1999 7:45 PM
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hgerhardt asks,

What kind of advice should I give my brother who has over 3 million from working for Intel and taking in all stock options. He does not want to work anymore, he is 45, single and feels he could live off of 60,000 a year quite comfortably. Where should I direct him so the "wise men" will not take his money? Yes, his money is still in Intell which I would think some diversity would be quite foolish. Hugh

Check out the Safe Withdrawal Rate Calculator at the Retire Early Home Page, see link:

http://home.earthlink.net/~intercst/reindex.html

A $60,000 per year inflation adjusted withdrawal from a $3 million portfolio is only a 2% draw -- that's conservative by any calculation. Having all your eggs in one basket (Intel stock) may be a concern. You may also want to look at "Safe Withdrawal Rates for Concentrated Portfolios", see link:

http://www.geocities.com/WallStreet/8257/concport.html

intercst
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