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Cautious_Second7321 OP t1_j29cin6 wrote

Reply to comment by FireBreather7575 in Edward Jones sold me by Cautious_Second7321

Agree with the withdrawing 3-4%. But from which accounts and how taxes play into that decision is what boggles me.

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FireBreather7575 t1_j29e30q wrote

I don’t know how complicated your portfolio is, but my guess is you can do enough research to get close enough. You don’t have to optimize perfectly. I don’t think EJ will optimize perfectly. I assume with little research, you’ll beat them, post fees.

In terms of spending down, yes the conventional wisdom is 3-4%. This basically keeps your principal value the same. But you can also go crazy and why not try to optimize by dying with zero. What would have been the point of your dad dying with 6m vs 1m? I’m not saying that’s right for you, that could have just been the decision he made

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Cautious_Second7321 OP t1_j29gjxc wrote

Ah gotcha. Yea, two different ways of thinking I suppose. You could say he did it right. Lived the life he wanted to and didn’t wait for the retirement he never would have seen anyway. He nailed it. However, he did say he failed my mom at the end. Which leads me to believe he did not feel he did a good job including her in a retirement plan which relied quite a bit on him getting a salary at the end.

Appreciate your perspective!

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