Purchased home in 2005; will have pension, ss and $600K 401. May need to use more than 4% to pay mortgage until the economy is better? Advice is welcomed. One thing to keep in mind--4% is considered safe withdrawal for a long period of time say 30 years. However you can safely withdraw a larger % over a shorter timeframe. For example lets say you need more income to pay your mortgage for only the next 10 years. In that case you could safely withdraw as much as 8%. This strategy can work out nicely if you are within several years of getting a bump in income such as receiving a pension or Social security.
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