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I'm in my 1st year of retirement. I set up my retirement based on the 4% rule.
However, because of the economy, I ended up selling my office and my home for far less than I had anticipated. The proceeds from those sales were supposed to be used for paying off the mortgage on my new home.
Consequently, I have a mortgage payment to make monthly for the next 12 years.

Is there a way to calculate a safe retirement withdrawal based on a 2 tier system, i.e. a higher withdrawal for the next 12 years and a reduced amount, thereafter, based on the mortgage being paid off.

piranha1 (milt)


cross posted on the Rule Your Retirement board.
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