tag:blogger.com,1999:blog-5465015914589377788.post7370403287451520144..comments2024-02-17T11:07:06.232-05:00Comments on Michael James on Money: Adjusting the 4% Rule for Portfolio FeesMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5465015914589377788.post-2174534481989420382019-06-18T10:05:04.141-04:002019-06-18T10:05:04.141-04:00@Anonymous: A very late response, but just because...@Anonymous: A very late response, but just because you have to withdraw from a RRIF doesn't mean you have to spend all the money. You can invest part of it in a TFSA or non-registered account. Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-48778862319899107082014-06-20T08:56:07.603-04:002014-06-20T08:56:07.603-04:00And don't forget that if you only have an RRSP...And don't forget that if you only have an RRSP (other than CPP/QPP and OAS) and you convert it to a RRIF you can flush this whole study down the drain as the only year you get to withdraw 4% is when you are 65 (less if younger).<br />This really only apprles to non-registered investments as then you are the master of the withdrawal rate that you wish to impose on yourselfAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-3042886148226123592014-02-11T20:13:07.529-05:002014-02-11T20:13:07.529-05:00I suspect the folks that blindly follow financial ...I suspect the folks that blindly follow financial advice, and the 4% rule, are the folks that need an advisor.<br /><br />I just hope they don't pay 2.2% fees but I suspect many do.<br /><br />MarkMy Own Advisorhttp://www.myownadvisor.canoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-89325719950466981442014-02-11T12:29:45.303-05:002014-02-11T12:29:45.303-05:00@Anonymous: You're right that it's pretty...@Anonymous: You're right that it's pretty close to linear. For most people, I think you have to translate it into dollars. For example, you can draw $5000/month minus $560 for each percent of MER.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-41455451061188314282014-02-11T12:05:01.371-05:002014-02-11T12:05:01.371-05:00So looking at your chart,it would seem,roughly spe...So looking at your chart,it would seem,roughly speaking,each percentage of MER would reduce the SWR by about half a percent.<br />Some incentive to try a get that MER as low as possible.Anonymousnoreply@blogger.com