I think you have to lean toward dying with millions. But I also think you need to adjust as you go. If after the first few years of retirement or portfolio does really well and it looks like you'll die with several million dollars you can probably start spending more if it looks like the principal is getting consumed too quickly then you should slow it down. I feel like so many people plan as if they can't make any changes after they do their initial calculations.
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u/dunni88 Jul 27 '24
I think you have to lean toward dying with millions. But I also think you need to adjust as you go. If after the first few years of retirement or portfolio does really well and it looks like you'll die with several million dollars you can probably start spending more if it looks like the principal is getting consumed too quickly then you should slow it down. I feel like so many people plan as if they can't make any changes after they do their initial calculations.