From: "Sgt.Sausage" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Why 1 millon can only last 25 years?
Date: Fri, 2 Jun 2006 04:07:15 -0500
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	=W/bK


"Chris Cowles"  wrote in message 
news:9ylWf.49$Q8.15@bignews4.bellsouth.net...
>  wrote in message 
> news:yobhd5i7e71.fsf@panix2.panix.com...
>> kasnem@yahoo.com writes:

>>>    This approach assures that your buying power remains intact over the
>>> years. But it may well require dipping into principal in bad market
>>> years. It also means you could run out of money in 30 years or so."
>>
>> Exactly.  The modifier assures that in some years, your buying
>> power *will* go down.  Tighten those belts - better than running
>> out of money completely!
>
> So each year you set your withdrawal goals for the coming year, based on 
> the previous?

That's my plan. If I have a bad year, with respect to investment returns, I
plan on a whole lot of "belt-tightening" for the next year or three. To 
blindly
keep taking money out without respect to the current situation is not really
a wise choice, now is it? Gotta think ahead, gotta have the information you
have at hand, and gotta have a contingency plan. 


 .