No. of Recommendations: 2
What I'd really like to do is set up a "discretionary fund" to use for expenses over and above my basic needs, and also a "replacement fund" to save for things like cars and major home repairs. I would contribute to those each year out of the 4%, but if I didn't spend it all it would carry over to the next year and be available to use then, or at a time when investments were down and I didn't want to draw the full 4%. I haven't figured out exactly how I would do that yet, but I will likely come up with some arrangement.

You are supposed to be in retirement. You are supposed to be enjoying the balance of your life. You have all this money sitting around in portfolios and buckets and you are taking from the left pocket and putting it in the right pocket--For what --It is all your money. If your roof leaks--Fix the damn thing--Write a check ,then go buy a new car and enjoy what time you have left. Because if you don't--because you are too cheap, your heirs will fix their roof with your money and buy a new car with your money and enjoy their life because they won't have any buckets.

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