Assuming your life went well and you made good decisions, you are now ready to retire. In addition to old-fashioned retirement products, you have a personal investment portfolio, a tax-free account filled to the brim with ETFs you love and some cash. Now what?
Selling shares for income can’t be a pleasant experience – especially when earning an income is no longer an option. You are eating into wealth accumulated over a lifetime. It’s easy to forget that this is what all that wealth accumulation was all about.
In this episode of The Fat Wallet Show, Simon and I discuss the 4% rule, so beautifully explained by our friend Stealthy Wealth here. Then we try to work out how you should go about deciding which assets to chop to make up the 4% you are allowed to take every year. We deal with the somewhat more philosophical problem of dying with your entire fortune intact and wonder if anybody actually knows a successful, happy, active retiree.
This episode is slightly longer than usual, because we also try to work out how to spot a scam and how to choose between different listed companies in the same industry. Somewhere in there I confess something that I’ve successfully kept under wraps for many years.
If you know of or are a successful retiree, please tell us your story. If you have a question, even if you think it’s stupid, ask us. You can do both of those things at ask@justonelap.com.
We are, as always, grateful for your time and attention.
- Listen / download here.
- Subscribe to our RSS feed here.
- Subscribe or rate us in iTunes.
- Sign up here to receive an email every time a new show goes live.
Meet the Just One Lap team at these free live events
Click here to meet the Just One Lap team at one of our live, free events.