tag:blogger.com,1999:blog-5465015914589377788.post2739576281767540404..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Reader Question on Portfolio DrawdownMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5465015914589377788.post-86167852030869724612021-01-27T22:24:12.784-05:002021-01-27T22:24:12.784-05:00Hi Larry C.,
I'm sorry to hear about your par...Hi Larry C.,<br /><br />I'm sorry to hear about your parents' serious health problems. I agree that these things are difficult to plan for. Fortunately, the 4% rule and variants with a similar percentage turn out to be conservative in most cases, so extra money often comes available later in life.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-90799118703302033892021-01-27T21:51:35.508-05:002021-01-27T21:51:35.508-05:00Best laid plans. Not to be a downer here but some...Best laid plans. Not to be a downer here but some things you just can't plan for. I manage my parents retirement funds because my father suffers from dementia. He's 81. My mother is basically incapacitated from falls caused by brittle bones. All of a sudden they require a lot of expensive care so the 4% rule has gone out the window. Thankfully, they were quite frugal before becoming ill so they can afford the help for now. I'm not sure how likely it is that both parents would be unable to care for themselves, but it's worth considering in your planning. Larry C.https://www.blogger.com/profile/17718393493123680154noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-81693824477876348592021-01-26T11:30:08.236-05:002021-01-26T11:30:08.236-05:00Hi J.K. Reid,
Yes, the Retirement Magic Number va...Hi J.K. Reid,<br /><br />Yes, the Retirement Magic Number value the spreadsheet calculates does include the amount in the HISA.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-7155464681410892182021-01-26T11:05:08.361-05:002021-01-26T11:05:08.361-05:00Hi. A little off topic, but I was playing with you...Hi. A little off topic, but I was playing with your Portfolio Withdrawal Rates spd/sht and it wasn't clear to me if the calculated Retirement Magic Number includes or excludes the amount in the HISA. Thanks for all you do to try and educate us. It's greatly appreciated.J. K. Reidhttps://www.blogger.com/profile/08317011797173393679noreply@blogger.com