Board:   [WWIVnet] General Chat
Subject: Re: Nor'Easter
From:    Weatherman #1 @1 (Mark)
To:      Jahmas #29 @707
Date:    Wed Nov 12, 2025 19:27

J> Have lots of pots of money. Don't put all your eggs in one basket. You are
J> an avid investor so I know you are planning. I have saved my big account
J> for RMD at age 73. I'm minimally drawing from two accounts already for a
J> monthly income. I could buy a car if I want but I can get 10 - 15 years
J> out of my newish Subaru Forester.

No doubt, lots of buckets.  My plan is to never draw down the principal, but to
have the multiple buckets of principal generate enough passive income per month
to live decently.  You figure out what that number is, then figure out how to
make that much passive income per month with little risk and no real drawdown.
I hate seeing things go backwards, so that is just how I have always planned on
doing it.

My retirement plan is - good economy, 80% income, 20% growth.  Bad economy,
90-95% income, 5-10% growth.

The income being what you need per month to live decently.  Also, having zero
debt is a must in my book in retirement.  I know some people will say why pay
off a mortgage that is 1.75%, but I hate debt.  I want zero debt, zero
principle decline, and passive income to keep things stable and never worry
about it again.  I didn't start working at age 11 to have it any other way.

- Mark

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