jklangen99
Confused about dryer sheets
I have been using this model off and on for years. All of a sudden, I am getting at best 50% success. Wondering what in the world I am doing wrong.
My portfolio value is $1,040,000
My annual spending is $140,000
My social security income is $50,680
I have rental income of $60,000
On a constant spending model success rate is 0%
Using the Bernicke spending model the success rate is 50%
I take a draw of $30,000 a year which is conservative but I do not enter that as income.
I am 72 years and use 30 years for the model end.
Thoughts?
Thanks,
Jim
My portfolio value is $1,040,000
My annual spending is $140,000
My social security income is $50,680
I have rental income of $60,000
On a constant spending model success rate is 0%
Using the Bernicke spending model the success rate is 50%
I take a draw of $30,000 a year which is conservative but I do not enter that as income.
I am 72 years and use 30 years for the model end.
Thoughts?
Thanks,
Jim