Die with Zero by Bill Perkins

sheslookinhot

phlebas192 said:

Die with zero is the perfect solution, but only if you get it right. If you don't, your last days/months/years will be so awful that you will wish you had ended it all before you had run out of cash. 99% of people won't get it right.

and there is the issue. No one knows how much time we have living on this earth. We shouldn’t time the market, nor our expected demise.

Cus

cfw1994 said:

dunstonh said:

I would be concerned at several points
- age 75 is very early to move to breadline spending
- Breadline spending is harder to live with when you have been used to so much more.
- downsizing never delivers what the person expects unless it is really a significant amount.
- The pot is going down despite it being an above-average period for the stock market.    Even those with high draw rates should have seen stability or growth over the last 2 years.   So, this suggests an extremely high draw.

Maybe a level annuity would be the better option here (or lower level indexation).     Provides more early on and less later, but does continue to provide for life and doesn't require you to gamble your future lifestyle.

Some very good points, esp the one about the pot going down…we are up well over 15% YoY despite drawing down on it: the past 12 months have been very generous.

Remember you don't really have it until its in cash 😁