No. of Recommendations: 26
Let's see....

Hocus says he needs $30,000 after tax to live.

He says his wife will make $4000, and I will assume that is after taxes (like FICA and SS) which still is a 'gotcha').

He says he will try to make $10,000/yr for his plan to work frem freelancing. Hopefully more, but he says his 'plan will work' at just $10,000.

He says he has a $400,000 stash.

Now help me.....if I take $30,000, subtract $4000, then subtract $10,000, my calculator shows $16,000 that he nees to withdraw from his nest egg.

That would be $16,000 out of a $400,000 nest egg, or 4% annual wiwthdrawal rate.

Now, how can ANYONE argue that he is not taking out 4% out of his ALL CD/bond portfolio?

By his own words, and even using 'hocus math', it comes out to 4%?

What am I missing?

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