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Hi, I'm a RM Beginner and will be in retirement in a year or two and am wondering what procedure a Rule Maker Investor would use to provide living expences when he or she has for example a total of $1,000,000 invested as follows: $500,000 S & P 500 $500,000 RM Portfolio divided 300,000 RM Stocks 100,000 RP4 Stocks?
Should the investor sell (each month) equal amounts of the S & P 500, the RM Stocks and the RP4 Stocks such that he has the needed living expences of 1/12th of 6% of the total?
Instead, should the investor sell (each month) 1/12th of 6% of the total from only the S & P 500 (least risky investment)?
Given that the investor had his(her) portfolio at Fidelity, Schwab, etc, does anyone know whether or not these brokerage houses would provide a service where they would sell off and send to their clients 1/12th of 6% of the total invested holdings each month?
Does anyone know on what board I could find the answers to these questions?
Thanks in advance for your help. Regards, Tom
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