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Now, the caveat and the question: I am hoping to live on approximately 8% of the balance each year and
supplement when necessary (i.e., when returns are down) with outside work/income. Is anyone else using this strategy

I wish I could say that I did. I envy you to be able to start so soon.

Anyway, why would you want to live on a variable income by taking a fixed percentage of the current balance, and being forced to find work, instead of starting with a steady income, adjusted for inflation yearly? You apparently have 40k as a retirement income in mind.

BTW, I missed the Ann's post with the spreadsheet. Could you post the URL?


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