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72t on 635k

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Bybonusmon

L1: 72t on 635kYes, the 50k coming out of 635K is risky for a lifetime, but will start pension at age 56 of around 25k till departed. (ie level pymts) meaning social security would not factor in accept for inflation. Have 350k coming from wifes IRA at my age 56 & her pension of 20k at my age my 62. I think I can make 50 to 60k last us, but not sure. It is complicated. Ideas/thoughts are appreciated. Thanks for the previous info.2002-04-12 01:53, By: bonusmon, IP: [127.0.0.1]
L2: RE: 72t on 635kYou need close to 8% to meet your goals.If your broker puts you into equities or bond funds and markets and interest rates do not co-operate(which is highly likely)you will see serious erosion of your principal. Dollar cost averaging does not work in down markets as many newer retirees are painfully aware. I urge you to lower your withdrawl estimates or find safer fixed assets to draw on like c.d,s, bonds, c.d. annuities(close to 7%0. Use some of your other funds to put in the market for an extended period and for growth but provide a safer place for your withdrawl money. John2002-04-12 19:44, By: John, IP: [127.0.0.1]

L2: RE: 72t on 635kI meant to say reverse dollar cost averaging does not work in down markets.-John2002-04-13 20:12, By: john, IP: [127.0.0.1]

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