Quote:
Originally Posted by disneysteve
Leaving only $200,000 (or less) in his portfolio would only allow annual withdrawals for $8,000-$10,000 to ensure not running out of money during his lifetime.
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Quote:
Originally Posted by gamecock43
$8,000-$10,000 a month Disney?
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A 4% or 5% withdrawal rate, which is what is generally recommended, would allow him to draw $8,000-$10,000 per YEAR from a portfolio of $200,000. He may be able to draw a little more since he is already 74, but you still aren't looking at very much income from investments. If he has a great pension, though, he may not need much from his investments.
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