you shouldn’t be taking ANY of your principal during retirement... you should be living off the interest or the cash flow generated by the funds.
I disagree, your advice is the bad counsel.
Depending on how it is invested, periodic withdrawals are a well-recognized and legitimate retirement strategy.
If all of my money is invested in dividend-paying stocks your method may work, but it is very risky and can lead to great disappointment. It is far superior to invest in low-cost index funds and take periodic withdrawals. There are numerous well researched methods for doing this, but the real key is low cost index funds and avoiding financial advisors who will charge a lot to add little value.
quote “invest in low-cost index funds and take periodic withdrawals”
sure, that is one of many things someone could safely invest in... I agree 100%.
I am only saying they should only take “periodic withdrawals” of their PROFITS, and never touch their principle.