Well put. I'm just like you when it comes to points 1 and 2 (lack of family makes point 3 less relevant for me).I struggled with this question myself. OP, your plan is comprehensive from a pure "will I run out of money" perspective, but I prefer an approach based on how can I reach an optimal tradeoff between the following:
1. risk of running out of money
2. the inevitable fact that all of us are on a downhill health/physical/mental capability trajectory, and I should maximize happiness, by spending the resources I have for things that really make me happy, while I can still enjoy them.
3. leaving a legacy to heirs, without creating dependency. This does not necessary mean maximizing what I leave when I die, but maximize how I can increase my happiness by giving while still alive.
I'm a fan of VPW too. I also run ABW along side. I thought about using a multi-year average balance, but haven't done so.
Statistics: Posted by CalPoppy — Sun Oct 27, 2024 1:43 am — Replies 12 — Views 1026