MY wife and I are 72 years old ----no kids and no one that we will leave our money to so we can use it now while we are living.Pension and social security covers our expenses.We have $500,000 to invest.What is a very simple investment and withdrawl idea.I like ETF's but would not want many different ones nor switching.One idea I have seen was to put 85% into SPY and 15% short term money market.Withdraw 4% from SPY in good years and use some of the 15% MM in bad years.I am familiar with the well known 4% idea.
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