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Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76384  
Subject: Re: Withdrawal rates in retirement Date: 4/2/2008 1:15 PM
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LGM2007:

<<<<With a "safe" withdrawal rate of between 3% to 5% of assets per year, giving Summit between a third and one-fifth of that would severely affect your lifestyle in retirement. Summit would be taking much more of your money than the IRS.>>>>

"I've met many smart people who have no idea how to manage investments. A professional money manager should be able to pay for himself by earning at least more than the individual would on their own by at least their fee amount."

Except that many professional money managers do not beat the market averages and anyone who that is at all interested in learning can buy index funds and get the market average return for little cost.

Apart from WEB, can you name twenty-five other professional money managers that you would recommend to people, and who would be available for someone with say 50k balance and expected 12k year contribution?

Curiously, JAFO
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