For 21 years I worked for a municipality on Long Island. Like Fritz, I am one of those dinosaurs who has a pension. In 2017 thus far, our monthly spending has averaged $2,660. Groovy and I have concluded that $3,000 a month should be a sufficient income for the next couple of years (12 x $3,000 = $36,000). Our average spending for the past two years comes to $34,356.īased on the above average, Mrs. In 2016, we spent a grand total of $36,327 (damn, dental implants are expensive!). Groovy and I tracked our spending, we spent a grand total of $32,386.
So without further ado, here’s the Groovy Drawdown Strategy as of. And I’m actually retired (unlike those two laggards). My drawdown strategy may not have the sophistication of PoF’s, or the elegance of Fritz’s, but it’s hardly chopped liver. You’ve made the drawdown phase of financial independence a little less mysterious, a little less daunting.
Drawdown fund rebalance strategy how to#
As PoF observed, “We’re good at building it up, but don’t talk as much about how to tear it down.” So thanks again, PoF and Fritz. When it comes, however, to spending that nest egg, and making sure it never runs out, the FI community is a little weak. Follow the advice of the FI community and you’ll build yourself a formidable nest egg. We in the FI community are very good when it comes to the accumulation phase of financial independence. What chutzpah! These are my kind of guys.įirst, all kidding aside, I got to give kudos to PoF and Fritz. They stood before the FI community and boldly proclaimed how their accumulated riches (i.e., investment portfolios) were going to provide adequate retirement income for however long their retirements lasted.
And when I see two FI rock stars jump on something, I take notice. First Physician on Fire ( PoF), and then Fritz.
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