"A $10 million net worth offers plenty of flexibility, but it's still important to avoid overspending. Transitioning gradually can help manage this significant change in lifestyle and expenses."
"Following the 4% rule enables retirees to withdraw $432,000 annually from their $10.8 million portfolio, which significantly exceeds the Redditor's planned monthly budget of $15,000."
"During the initial year of retirement, it’s crucial to take things slowly; minimizing withdrawals can help maintain the portfolio’s health while enjoying life without the pitfalls of rapid spending."
"While the 4% rule is a guideline, some retirees choose to adjust their withdrawal rates based on their unique living costs and investment returns to safeguard against inflation."
Collection
[
|
...
]