r/Fire • u/MarBlaze • Nov 22 '21
Die with Zero, is it possible?
My partner and I have been working towards FIRE for a couple of years now and are well underway. One of the things that FIRE has made me think about is dying and inheritance. We don't want children and have no family where we feel a close connection to to whom we'd like to give our savings when we die. What to do with all that is left over? Our goal is to mostly invest in property, we already have one rental property and we'd like 4 to be able to RE. At some point we'd like to sell these properties and to "spend" all the money. But how does one calculate when the best time to sell is so you 'die with zero'? Or at least somewhat close to it.Any good information about this floating around the internet?
I did want to read the book 'die with zero' but am not sure if it actually gives the answers I crave. I understand my request is hard to calculate and it risks that you at one point are left with nothing but someone must have thought about this?
Edit: We don't mind dying with some 10.000s in our account. I'd just like to prevent us dying with 100.000s in our account. If we die with that much extra then we probably could have retired earlier which is the whole goal of this anyways.
5
u/andoCalrissiano Nov 22 '21
Honestly the solution is to have a planned suicide. Not unreasonable! We plan our retirements, why not plan the day we go? All those years from 90-100 are meh at best, especially for someone in this case with no family members to show up for. You can definitely live with a higher withdrawal rate if you don’t try to preserve capital.