Agree with your conclusion that one needs to make adjustments. If the plan is not working, then do something. Or has plan A, B...C.
Just wondering too if a cash buffer of 3-5 years, besides the investment portfolio will help, such that one does not draw down from the portfolio when the year’s return is bad.
So same scenario - 1000, withdraw 4, but has a cash buffer of 20?
I am more worried abt sudden health issue. seeing affected ppl like DK 3Fs n some ppl ard me
Reply to @Dividend_Warrior : i think is good to yolo once in awhile. We never know when a bad thing might make us become bed ridden.
Agree with your conclusion that one needs to make adjustments. If the plan is not working, then do something. Or has plan A, B...C.
Just wondering too if a cash buffer of 3-5 years, besides the investment portfolio will help, such that one does not draw down from the portfolio when the year’s return is bad.
So same scenario - 1000, withdraw 4, but has a cash buffer of 20?