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No. of Recommendations: 2
"A man who is already 75 has a 1.5% chance of reaching 100. "

SO?

If you are 75, and do a 'reset' on your portfolio....the 4% is for another 30 years.....you'll be 105..if you are one of the lucky one in a hundred type (males) to make it to 100....plus....

If you figure you'll make it 95, that's only 20 years...and gotta increase your take - otherwise, you'll be in fat city with your portfolio value and your heirs and Uncle Sam will thank you.... spend more....

At age 75, there aren't a whole lot of expensive things I want to buy. I don't want a $60,000 car......really.... my Chevy Malibu is fine for what I do, and after it reaches 175 miles in another 2 years...I'll find something else for $30,000 to buy.....likely......

I don't want a summer place or a winter condo.... just way too much hassle...or a silly sailboat.... heck, you got a sailboat in TX and you get fried most of the summer...same for a big power boat and there is only me....... (plus I got power boats and water skiing out of my system by age 40 - parents had nice boat - and later a sailboat...).....but they lived on nice lake for summer in upstate NY......

I've been living below my means (happily) for 50 years....and it's hard just to 'live at my means'.....


t.
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